Partner Merryn Craske spoke to International Financing Review about the United Kingdom’s proposed extension of the recognition of simple, transparent, and standardised (STS) securitisations in the European Union and equivalence regime.
“[W]hat people are asking for in an STS equivalence regime in the UK is a principles-based approach rather than trying to meet every single one of the criteria, because you might not be able to do that,” said Merryn.