Regulatory bodies responsible for drawing up the technical standards for the 'simple, transparent, standardised' (STS) framework for European securitization have published five draft consultation papers, seeking industry comment through March. [ABSTRACT FROM AUTHOR]
ASSET backed financing, DEALS, FINANCIAL institutions, BANKING industry
Abstract
The European Banking Authority's plans to level the playing field for synthetic securitization could raise the cost of such deals for banks supervised by the European Central Bank's Single Supervisory Mechanism (SSM), slowing down a market which has boomed in the last two years, and forcing banks to look elsewhere for capital relief. [ABSTRACT FROM AUTHOR]
Published
2018
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