Regulators align OTC contract treatment for STS securitizations with covered bonds
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Regulators align OTC contract treatment for STS securitizations with covered bonds

Regulation 230x150

The European Supervisory Authorities (ESAs) on Tuesday brought the risk mitigation treatment of simple, transparent and standardised (STS) ABS deals in line with covered bonds for over-the-counter derivatives contracts. The announcement follows guidelines published last week by the European Banking Authority clarifying the finer points with regard to the STS framework that comes into effect next year,

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