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Proposed 10% limit on interest would strip out most of securitizations' excess spread
Implementation necessary after wide-ranging changes last year
It is not enough to just undo some of the European Commission’s more controversial proposals
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
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Growth in regular issuance means changes will make time for regulators to look at more unusual deals
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George Smith and Tom Hall discuss why ESMAs consultation misses the mark, how another sponsors boosts CMBS, and whether euro CLO spreads are about to hit their floor
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Central bank warns that leverage could raise 'prudential concerns'
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The regulator's proposal to simplify private securitization templates only applies to deals from EU sources
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Responses encourage flexibility to drive take-up
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