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By Holger VON KEUTZ, Partner and Securitisation Leader, Markus ZENZ, Partner Andrei RADU, Senior Manager, PwC Luxembourg
Do you still remember 2004? That was the year when Facebook and Gmail were launched. Like 2024, it also had Olympic Games (in Athens instead of Paris) and a US Presidential Election (George W. Bush re-elected). Luxembourg re-elected Jean-Claude Juncker, acting as Prime and Finance minister at the time. And at the beginning of that year, the Luxembourg parliament passed a law on a promising financing technique called securitisation, where assets are pooled and backing securities issued to the capital market.
Two decades have now passed since the Luxembourg Law of 22 March 2004 on securitisation (the “Securitisation...
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