The European Union is getting ready to promote a tool that caused the global financial crisis, Corporate Europe Observatory (CEO) warns in an opinion preceding the Parliament's plenary session vote on the new rules for securitisation operations and prudential requirements for banks, in Strasbourg on Thursday 26 October.
The future regulation sets out criteria for 'simple, transparent and standardised' (STS) securitised products, with preferential capital treatment and a new risk calculation...