13. The following quotation is from Theodor Baums, "Asset Securitization in Europe,"in volume 20 of Forum International (Kluwer Law and Taxation Publishers, 1990) The slowest process of all has been the process of establishing the legal framework for securitization in individual countries. Those countries which have been successful in doing so have found them- selves home to many special purpose vehicles issuing securities backed by assets from their own and or foreign countries. Nevertheless for most countries the process has been slow up to now. Explain what the author is referring to in the above quotation