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Comments have now been received by the Basel Committee on Banking Supervision (the “Basel Committee”) in response to its consultative paper entitled “Revisions to the Basel Securitisation Framework”, published in December 2012 (the “Consultation Paper”). The Consultation Paper contains important proposals for revisions to the regulatory capital requirements in relation to securitisation exposures. Many of the respondents expressed concern about various aspects of the proposals and the potential consequences for the securitisation industry