European ABS LCR rules disappoint, could drive bank exodus
European Commission amendments to the regulation governing eligibility towards the liquidity coverage ratio (LCR) has left the ABS industry disappointed, with the treatment for ‘simple, transparent and standardised’ (STS) instruments no better off and existing investments losing beneficial treatment. The move could have a chilling effect on banks’ willingness to increase participation in European securitization.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast