EU seeking fix for self-certified loan rule

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EU seeking fix for self-certified loan rule

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European flags waves outside the Houses of Parliament in London on September 11, 2017. The Parliament is voting the Brexit repeal bill, as a new step of the process of leaving the European Union, after the referendum of 2016. (Photo by Alberto Pezzali/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Sources close to the EU commission have told GlobalCapital that work is being done to fix the unintentional ban on self-certified loans in European ABS portfolios as part of the wider regulatory framework for European securitization.

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