Securitisation industry fights against FSB shadow banking proposals
US and European ABS industry bodies have urged the Financial Stability Board to remove most securitisations, including ABCP conduits, from forthcoming shadow banking regulation.
Using a broad definition of securitisation as a starting point for policy was clunky and threatened parts of the market that posed no systemic risks, the American Securitization Forum, the Global Financial Markets Association, and the newly created Prime Collateralised Securities secretariat told the FSB.The heterogeneity inherent ...
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