Securitisation will not be damaged by Basel II, says Mercer Oliver Wyman
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Speaking at a press briefing, Thomas Garside, managing director and deputy head of the company’s finance and risk practice, and lead author of the study, said the original Basel Accord had provided market participants with a number of regulatory loopholes that had been exploited through techniques such as securitisation. “Basel I had to change. It was being arbitraged to death by institutions,” he said.
A number of leading participants in the securitisation industry have criticised the new A
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