More fear than hope for ABS as Basel serves up December double

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More fear than hope for ABS as Basel serves up December double

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Two Christmas hats are pictured on a chair for visitors to take pictures with at Madame Tussauds wax museum in Berlin, Germany, 04 December 2012. Photo: Jens Kalaene | Jens Kalaene/DPA/Press Association Images

The Basel Committee on Banking Supervision spoiled ABS experts’ quiet December for the third year in a row on Thursday, proposing criteria for ‘high quality’ securitizations at the same time as finalising capital rules for the product that bankers argue will strangle the market.

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