Risks outweigh reward for conduit STS switch
Several European banks sponsoring ABCP conduits have been investigating the possibility of converting these vehicles to the STS regime, but bankers say the risks outweigh the reward.
While certain individual conduit transactions have been certified as STS, no issuer has yet to fully certify an entire conduit. In total, there have been 61 official STS authorisations either by Prime Collateralised Securities (PCS) or STS Verification International (SVI). Out of these, 10 are ABCP transactions.“The ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com