Bafin to decide on Pfandbriefe overcollateralisation
A prospective amendment to the German Pfandbrief Act will give the German regulator the authority to decide on the minimum level of overcollateralisation (OC) that Pfandbriefe issuers require. This will be decided on a case-by-case basis, could well be above the current legal minimum and will give stronger investor protection than private contractual commitments.
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