Aggressive risk-taking is "creeping back" into some corporate credit segments, according to a staff report published yesterday by the International Monetary Fund (IMF), which argues the time has "never been more right" to firm up securitisation markets.

Debt securitisation is being touted by many as a partial solution to economic problems in Europe, where bank lending remains depressed and capital markets are less developed than in the US.

But the practice also remains controversial, given its