Regulators make new challenge to French securitization; French regulators have unexpectedly intervened in local convergence with international accounting standards. Richard Parolai of Clifford Chance and Xavier Paper of RSM Salustro Reydel explain why the rulemakers' stance on substance over form will complicate securitization deals in France. (Structured finance)

Authors :: Parolai, Richard
Paper, Xavier
Source :: International Financial Law Review. April, 2003, Vol. 22 Issue 4, p14, 3 p.
Publication Year :: 2003
Abstract: In March 2002, the European Council in Barcelona reaffirmed its willingness to converge financial services by 2003 and implement an effective globalization of the capital markets by 2005. Subsequent calls [...]