New risk retention route is not viable for CLOs, says RBS

Thursday, August 29, 2013

US regulators yesterday published the latest version of the proposed rules on risk retention for securitisation

TAGS: Regulation Risk retention

Comment by: Anonymous. Posted 10 years ago [2013-08-30 00:06:00]

What a strange world - in the US at least. We take a hard-nosed approach to skin-in-the-game for CLOs (where there really was no Crisis-era damage) yet we cave in on such terms for RMBS (where resi mortgage losses brought the entire world to its knees). There is apparently great fear among US politicians that taxpayers might be prevented from grossly over-extending themselves in their mortgages.

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