The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Structured finance: Roundtable on regulation

The European Commission could seriously damage structured finance, say speakers.

(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. But, as attendees at the roundtable in association with Morrison & Foerster heard, ill-considered regulation seems to be springing from all directions to save the financial system.

Roundtable participants Bruce Duncan of Citigroup, James Starkey of Cairn Capital, Morrison & Foerster's Peter Green and Roberts at Cadwalader were united in their belief that regulators need to listen more to industry proposals before they inflict unnecessary and pointless requirements on originators, investors and the ratings agencies.

"I think there's a danger that regulation is passed too quickly, without thinking about the consequences," said Green.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree