Banks push alternative to Basel Committee securitisation model

Basel proposals would kill European market, banks warn – and some regulators sympathise

Fears that proposed new capital rules will kill off the European securitisation market – just as policy-makers are calling for it to be revived – have spurred banks to draw up an alternative approach that is now being pitched to regulators. Recent weeks have seen meetings with supervisors in France, the Netherlands, Switzerland and the UK, as well as a presentation to the securitisation working group at the Basel Committee on Banking Supervision, which drew up the draft rules.

"We're concerned