Synthetic securitizations must wait for STS blessing

Tom Brown

February 07, 2019 07:30 PM

Madrid Fotolia 230x150 — Statue of bear and madrone tree, famous symbol of city of Madrid on busy Puerta del Sol square at dusk, Spain. | Matej Kastelic/kasto - Fotolia

Significant risk transfer (SRT) issuers are concerned that they may have to wait until as late as 2021 for their deals to become eligible for the European ‘simple, transparent and standardised’ (STS) securitization designation, following comments at the Association for Financial Markets in Europe's Spanish Funding Conference in Madrid on Thursday.

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Tom Brown