BoE sets out loan-level disclosure needs

03 Dec 2010

The Bank of England published on Tuesday its final loan-level disclosure requirements for RMBS and covered bonds as Discount Window Facility (DWF) collateral and also added loan portfolios to eligible collateral.

Its new requirements lump RMBS and covered bonds together. Both instruments will need to provide anonymised loan-level data to a Bank of England template, widespread access to transaction documents, transaction summaries to a Bank template, and standardised monthly reporting. It will require cashflow modelling for RMBS, but not ...

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