European Parliament approves securitization framework
The European Parliament gave final approval to new common rules for securitization in the European Union on Thursday, in addition to finalising the simple, transparent and standardised (STS) securitization framework.
The measure was passed by 459 votes to 135, with 23 abstentions, with MEPs praising it as a milestone in the development of the post-crisis European ABS market. Increased transparency was heralded as a cornerstone of the new rules.
“The question is, can a toxic product be turned
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