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November 23, 2016
"Even a 10% retention is unhelpful for the market [as it] still poses the same consolidation requirements under IFRS 10 as the originally proposed 20%.”
- David Quirolo comments in Bloomberg News about the European Parliament’s ECON Committee proposal to hike risk-retention levels for securitizations. Quirolo added that the latest texts still include various other amendments proposed by ECON that would prove problematic for the market, including the proposal an originator of a securitization be a regulated entity.
