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ARTICLE · 22 JUNE 2018

Criteria For Identifying STC Short-Term Securitisations

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have issued criteria for identifying STC short-term securitisations.

United StatesFinance and Banking
David Quirolo
David Quirolo
Jeremiah Wagner
Jeremiah Wagner
Neil Macleod
Neil Macleod
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Banking and Finance analysis: David Quirolo and Jeremiah M Wagner (partners) and Neil Macleod (special counsel) in Cadwalader, Wickersham & Taft LLP's Capital Markets Group, point out that new criteria aimed at assisting the financial industry in its development of simple, transparent and comparable (STC) short-term securitisations may be too restrictive, and the regulatory benefits may not be sufficiently significant, for the criteria to be widely adopted.

Original news

BCBS and IOSCO issue criteria for identifying STC short-term securitisations, LNB News 14/05/2018 59

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have issued criteria for identifying STC short-term securitisations. The criteria maintain and build on the principles in the criteria for identifying simple, transparent and comparable securitisations issued by BCBS–IOSCO in July 2015.

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