By Raphaël MORENON
11 August 2025
Few financial mechanisms are as markedly dual as securitisation. A powerful financing tool for companies, securitisation has also become synonymous with the 2008 financial crisis. This complex reputation masks a rich legal reality and a constant evolution in French law, which has taken several decades to tame and regulate this technique. Understanding the history of this framework means deciphering how France has gradually built a legal environment for what is now a key instrument in its economy. To navigate through this dense subject, it is often essential to be assisted by a lawyer with expertise in banking and financial law. This article sets out to retrace the major stages in the development of this legislation, a journey that perfectly illustrates the way in which the law adapts to innovations in finance. For an overview of the mechanism, please consult our main page on...
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