Just when it appeared that structured-finance reform might be gutted, on December 31, 2010, the Committee of European Bank Supervisors published Guidelines to Article 122a of the Capital Requirements Directive.
Article 122a of the European Capital Requirements Directive is legislation that requires that European credit institutions, whether investing for their own accounts or in a fiduciary capacity, "know what they own" when investing in structured-finance transactions. If these credit institutions do not know what they own, then each structured finance position they invest in has a 100% capital requirement.
Complete Story »
Amber Arbucci Christina Aguilera Kate Hudson Adriana Lima Brittany Daniel
No comments:
Post a Comment