Securitization Regulation

Reforms to Solvency II rules make non-STS securitizations cheaper investments for insurers

Systemic financial channels get regulated

Proposed reduction in EU insurer regulatory capital requirements expected to encourage CLO investment

For the first time since the global financial crisis, there is optimism that much-needed positive and proportionate regulatory reform is coming to European securitization. Yet there is a long way to go before glimmers of hope translate into concrete changes or have a meaningful impact, write Tom Lemmon and George Smith.