This is a problem that we still face today, but on a significantly larger scale, because digitalisation, automation and globalisation have made trade faster, more complex, and more global. Despite recent geopolitical tensions, global trade and migration are still on the rise. I hope that these trends will not reverse, since fragmentation means a loss of wealth.
In terms of managing public availability of the data, the Bank is placing no specific requirements on where issuers must make these data available, and this is one area of the new requirements on which the Bank is keen to receive industry feedback. Conclusion In conclusion, the securitisation market is continuing its gradual recovery. But there is scope for it to recover further yet.