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/BONDS: MNI's Tara Oakes said in a 12:52pm...>

EUROPE
EUROPE: /BONDS: MNI's Tara Oakes said in a 12:52pm ET Main Wire exclusive story
that the European Union institutions have "amended the previously agreed text on
securitization to avoid a potential headache on the inclusion of self-certified
mortgages, Market News has learned."
- She added that "an EU source close to the matter told MNI that the Parliament,
Council and Commission are putting in place an amendment to the text agreed
earlier this year to help develop a European securitisation market. The
amendment is "aimed at avoiding the unintended consequence of prohibiting any
securitization of self-certified mortgages," the source told MNI.

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