Fear over cheer for ABS as Basel sticks to its guns

By Tom Porter
11 Dec 2014

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

The BCBS published the finalised version of the Basel III securitization framework on Thursday and said the rules would come into effect in January 2018.

Despite some minor revisions, this latest incarnation largely ignores objections raised by banks and ABS stakeholders in the last year.

Industry advocates argue ...

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