Europe pushes for review of ABS retention charge
The European Union (EU) is pressing ahead with plans to amend the Capital Requirements Directive (CRD), but has failed to reach consensus on its controversial plan for a 5% securitisation retention charge.
The European Parliament approved the amendments on May 6, with 454 votes in favour and 106 votes against. However, it attached a caveat that the European Commission (EC) should present proposals for a possible increase of the 5% securitisation retention charge by year-end, a move that will
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