Case for STS synthetics outlined

Category: Capital Relief Trades NPLs

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Benefits of STS on synthetics clear, but objections could be raised

The EBA is set to release its discussion paper on the application of the STS label to synthetic securitisation next week, with a view to publishing a proposal by the middle of next year.  While the paper is a “step in the right direction”, the market will not see any synthetic securitisations with the STS label for “quite some time”, says Christian Moor, principal policy officer, EBA.

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