European Parliament agrees securitization deal with added sustainability criteria

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By Tom Brown
11 Dec 2020

The European Parliament and Council have agreed rules that will set the stage for securitization to play a role in helping European banks dig their way out of an impending surge in defaulted loans. The Parliament has added sustainability criteria to the final amendments.

On Thursday, the European Parliament announced that negotiators from its Monetary Affairs Committee had reached a deal with the European Council of member states' governments on amendments to the Securitisation Regulation.

The reforms are aimed at boosting Europe’s economic recovery. Originally, they comprised two amendments, concerning non-performing loans and ...

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