Retention of securitisations no panacea - CEBS

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The European Parliament's 5% retention requirement is "not a panacea for previous issues that arose in securitisation", according to a report published today by the Committee of European Banking Supervisors (CEBS).

The 60-page report - which had been mandated by the European Commission (EC) as part of its consultation period on the Capital Requirements Directive (CRD) - recommended the EC should not increase the 5% retention threshold, as it is not clear a higher number would result in better al

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