(This article appears courtesy of International Financial Law Review, sign up for a free trial on their site)
Rachel Evans
Staff writer “The tactic of the European Commission seems to be to produce regulation that damages lending when they should be figuring out how to get lending started again,” said Charles Roberts of Cadwalader Wickersham & Taft at IFLR’s structured finance roundtable last month.
“They have all the time in the world to get these regulations right as no one is lending, yet they insist on rushing through poorly thought-out proposals.”
The proposals in question are amendments to the Capital Requirements Directive that could force originators to hold a 10% stake in the instruments they distribute.
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