Retention rage


On May 6, the European Parliament voted in favour of a controversial amendment to the Capital Requirements Directive (CRD) that will force originators of securitisations to retain at least 5% of transactions from 2011 onwards when selling to European credit institutions. Additional amendments to the CRD will impose stiffer disclosure requirements on originators and demand rigorous due diligence from investors.

Hot on Europe's heels, the US Treasury announced its own recommendations to regulate t

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