Moody’s prepares ground for new operational risk criteria
Moody’s is about to launch a consultation on new ‘Aaa standards’ for operational risk in structured finance.
The new standards, which Moodys will put forward in the next few weeks, address counterparty risk for servicers and cash managers. Moodys told investors on Friday that it plans to require a back-up servicing agreement for deals with lower rated servicers in most jurisdictions and third or back-up ...
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