Basel Committee scales back risk weights in revised securitisation standard
Definition of 'STC' tightened as capital requirements cut
The Basel Committee on Banking Supervision dialled back the capital it expects to be attached to "simple, transparent and comparable" (STC) securitisations in its final standard, published today (July 11).
Since a consultation in November 2015, the committee has chosen to tighten the definition of what constitutes an STC securitisation, which it said made room to allow firms to attach lower risk weights to their calculations of minimum capital requirements.
The revisions to the Basel III
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