On Friday 15 December, the European Banking Authority (EBA) launched public consultations on two sets of draft Regulatory Technical Standards (RTS): one laying down requirements on risk retention, the other specifying criteria for homogeneity requirements for the underlying exposures, in the context of the new European securitisation framework.
Readers may recall that securitisation is a technique that allows banks to reconfigure the loans they grant (mortgages or consumer lending) into...