Panellists at a conference in London hosted by Fitch Ratings said European governments do not need to support the asset-backed securities market anymore. "There was a time and a place for government intervention in the European ABS market, but that time has passed," said Robert Liao of Citigroup's team for the European securitisation market. "We don't want to create an artificial environment for ABS. If anything, we need constructive statements from governments and consistency between the support they provide to financial products."

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