Regulatory proposal for SPVs 'credit negative'

Pic© Felix Burton

Category: ABS CDO CLOs


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Proposed European regulatory changes to classify SPVs as financial counterparties have created significant uncertainty and are credit negative, rating agencies warn. Should the European Commission's (EC) intended amendments to EMIR be carried out, transactions would be required to post two-way variation margin and clear derivatives centrally.

The EC's proposals remain subject to approval from the European Parliament and Council.

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