Partner Merryn Craske spoke to GlobalCapital about the European Banking Authority’s (EBA’s) consultation on simple, transparent, and standardized (STS) synthetic securitizations.
“What the EBA has done is to follow the existing guidelines for ‘traditional’ securitizations as far as possible,” Merryn said.
“The guidelines for on-balance sheet synthetic STS are likely to be really helpful once they are finalized.”
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