Bank Regulators Propose New Securitisation Framework
Global banking regulators have proposed a new framework for banks to calculate potential losses on asset-back securities that aims to reduce their automatic reliance on credit ratings agencies whose assumptions proved far too optimistic and contributed to the severity of the global financial crises. The Basel Committee on Banking Supervision said [...]
Global banking regulators have proposed a new framework for banks to calculate potential losses on asset-back securities that aims to reduce their automatic reliance on credit ratings agencies whose assumptions proved far too optimistic and contributed to the severity of the global financial crises.
The Basel Committee on Banking Supervision said the proposal – “Revisions to the Basel Securitisation Framework - did not include a specific text but was a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards