War to restore European securitization moves on after STS victory
The next steps in the war to restore European securitization will be risk weights, Solvency II, and the end of excess central bank liquidity, according to market participants who cheered last Tuesday’s agreement on the structure of a ‘simple, transparent and standardised’ (STS) label for European securitizations.
A portfolio manager, who has been following the negotiations closely, praised European regulators for coming to a resolution on STS, but added that was only the start if the European Union is to achieve its goals on opening up the securitization market.“It's a wonderful few days, but the ...
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