All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
SecuritizationRMBS

ECJ ruling a win for banks but puts RMBS at risk

Spanish_supeme_court_AdobeStock_575x375_04March20

Spanish banks dodged potentially billions in compensation costs after the European Court of Justice (ECJ) kicked a mortgage dispute on to local Spanish courts, allowing borrowers to switch to a more affordable rate. While the ruling is a win for banks, it is a potential credit negative for some legacy RMBS.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree