Europe pushes for review of ABS retention charge

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The European Union (EU) is pressing ahead with plans to amend the Capital Requirements Directive (CRD), but has failed to reach consensus on its controversial plan for a 5% securitisation retention charge.

The European Parliament approved the amendments on May 6, with 454 votes in favour and 106 votes against. However, it attached a caveat that the European Commission (EC) should present proposals for a possible increase of the 5% securitisation retention charge by year-end, a move that will

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