The European Commission is raising pressure on the investment banking community in Europe to demonstrate tangible plans to reform the way that it conducts securitisation processes.

The Commission is quietly telling the banking community that it needs to offer some tangible proposals for making the world of complex products more transparent and accountable by the end of June – or face the threat of a future regulatory clampdown. Some industry bodies, such as the European Securitisation Forum, are scrambling to respond to these demands, and are debating a series of reform measures with their member banks.