Council of EU holds firm to salvage STS securitisations

Market participants welcome reversion to 5% retention rate and lower penalties for breaches

climber_sunset_Getty-web.jpg
Show of strength: the council blocked attempts by European MEPs to double 5% risk retention rate for originators of securitisation deals

The Council of the European Union has blocked attempts by members of the European Parliament (MEPs) to double the current 5% risk retention rate for originators of securitisation deals in a trialogue agreement, which participants believe will save the market from a heavy blow. Other potentially onerous requirements have also been eased, Risk.net has learned.

“Ultimately, we are currently applying a 5% risk retention, so there is no change, but it does mean it is not going to get worse for asset

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Modernising compliance functions with regtech

Regtech addresses the complexities of regulatory requirements, offering innovative tools to modernise compliance functions, streamline processes and enhance efficiency. This article explores its role in compliance and reporting within the banking sector,…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here