|Stefan Ingves, chair of the Basel Committee|
|Allen Appen, head of financing solutions, Barclays|
|Triple-A RMBS spreads in Europe. Source; Markit|
Now that its primary goal has been achieved even if only in part the European securitization industry will likely turn its lobbying firepower on the Securitization Framework risk-weighting proposals in an attempt to get them watered down. The risk-weighting issue will attract withering resistance, says one banker. It feels like a punitive attempt to lash out at two of the regulators pet hates ABS and the rating agencies. But there is an increasing awareness that constant meddling in the banking system with a very obvious political agenda is not helpful.