Basel securitisation rules revisions criticised

rule-book

The Basel Committee on Banking Supervision's (BCBS) revised proposals regarding capital requirements for banks' securitisation positions have received a lukewarm reception from the industry, despite many changes they recommended to the previous draft being accepted by regulators. The new proposals, outlined in a consultative document published on December 19 last year, abandon a twin alternative hierarchy system that was seen as confusing, and ditches the complicated modified standardised for

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