STS strikes investor and issuer balance

Pic© L.Miguel Bugallo Sanchez

Category: ABS Capital Relief Trades Regulation


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Further details have emerged over the STS securitisation agreement that was finalised this week (SCI 31 May). Most notably, the authorisation process for third parties that support verification and compliance with STS requirements strikes a balance between issuer and investor considerations.

According to a European Parliament press release, there will be a "light" authorisation process for third parties that support verification of compliance with STS requirements.

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