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The European Commission and the EU Council stand a good chance of reaching some agreement with MEPs at the seventh Trialogue meeting on securitisation regulation, scheduled for 30 May, sources said. On Tuesday they will hammer out final details of the Simple Transparent Securitisation (STS) package at a gathering where it is hoped that a final decision on risk retention levels and CRR hierarchy will be reached. David Quirolo discusses some of the challeges.