EU fails to resolve conflict in securitisation laws
Recent EU securitisation regulation could have problematic legal implications for originators and investors, according to lawyers.
David Shearer, partner at Allen & Overy, noted that a potential conflict between existing data protection legislation and new EU rules requiring originators to provide transaction disclosure remains unresolved.
"The European Commission hasn't done anything to resolve the potential conflict between bank secrecy data protection rules and this new disclosure requirement
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