StanChart sells synthetic CLO despite regulator’s criticism

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StanChart sells synthetic CLO despite regulator’s criticism

StanChart 230x150
A sign of Standard Chartered bank is seen at its headquarter in the City of London, Tuesday, Aug. 7, 2012. | Sang Tan/ASSOCIATED PRESS

Standard Chartered Bank has used synthetic securitization to protect a $3bn pool of trade receivables, despite recent critical comments from the Bank of England’s David Rule about this method of risk transfer.

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