Tang: Europe will set ‘world standard’ for ABS risk retention

European Union
By David Bell
03 Jan 2017

Dutch MEP Paul Tang, the European Parliament’s rapporteur for the “simple, transparent and standardised” securitization framework, has defended his proposed amendments to the bill, arguing that Europe will set a “new world standard” for risk retention requirements through the measures.

The European Parliament passed a version of the STS framework in December last year that suggested tweaks to the risk retention requirements imposed on issuers, as well as new measures aimed at increasing the level of transparency.

In a column for Dutch financial news site Follow the Money, published on December 28, ...

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