EU backs ‘high quality securitization’ rules for October
Delegated acts that contain Europe’s first regulatory action designed to promote high quality securitizations will begin to take effect in October, after the European Parliament and Council gave their backing to the rules.
The acts enforce the Solvency II and Liquidity Coverage Ratio regulations on insurers and banks, respectively, and contain rules defining “high quality” securitizations that the European Commission says will incentivise insurers and banks to commit more resources to the asset class.Solvency II will take effect ...
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