In Strasbourg on Thursday 26 October, MEPs finally approved two inter-institutional agreements setting out new rules to protect investors in repackaged loans from non-performing loans, despite considerable misgivings voiced by the political groups during the debate preceding the vote.
The agreement on the legislative proposal to bring in criteria to label securitised products 'simple, transparent and standardised' (STS), which was reached between the European Parliament and the Council on 30...