One-fifth of SocGen’s securitisations have STS label
French bank held €7 billion of simple, transparent, standardised securitisations as of end-June
Societe Generale has embraced high-quality securitisations that meet the European Union’s simple, transparent and standardised (STS) criteria. As of end-June, almost €7 billion ($8.3 billion) of its €33.9 billion of exposures qualified for the STS badge.
The STS exposures attracted a much lower capital requirement than their non-STS counterparts. The regulatory capital charge for the STS
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