This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Committee of European Banking Supervisors Statement: CEBS has today published its final guidelines on the application of Article 122a of the CRD

( December 31, 2010, 12:04 GMT | Official Statement) -- MLex Summary: European Union regulators said that banks can meet a requirement to retain an economic stake in securitisation deals by means including letters of credit, refundable purchase price discounts, 'synthetics' such as total return swaps and -- for asset-backed commercial paper (ABCP) conduits -- liquidity facilities. The final guidelines, for rules taking effect tomorrow, specified that the retained interest is to be measured based on nominal values at the time of origination, and can't be held within an affiliated fund. The bank can hedge the portion of its stake exceeding the mandatory 5 percent 'skin in the game.'The Committee of European Banking Supervisors (CEBS) has today published its final guidelines on the application of Article 122a of the Capital Requirements Directive (CRD) http://www.c-ebs.org/cebs/media/Publications/Standards and Guidelines/2010/Application of Art. 122a of the CRD/Guidelines.pdf....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login