Increased obligations weighed

Category: ABS CLOs CMBS

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ESMA outlines expanded reporting requirements

ESMA last month published final draft technical standards on the new reporting requirements to be implemented under the Securitisation Regulation (SCI 24 August). The standards - released ahead of the 1 January deadline - are set to usher in new levels of due diligence required on the part of the seller, meaning investors will expect more information to be readily available on prospective deals.

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