FSA says risks of encumbrance underestimated
The UK Financial Services Authority said last week that respondents to a discussion paper on the Turner Review underestimated the risks posed by asset encumbrance, a topic it addressed when changing its policy on covered bond issuance last October. The FSA also discussed the potential for international co-ordination among regulators.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts