EC won't allow ABS issuers to self-attest

April 24, 2015 5:35 PM

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LONDON, April 24 (IFR) - European regulators trying to shape a market for simple and transparent securitisation are unlikely to leave it up to issuers to certify their deals are high-quality, an EU official told IFR.

The European Commission is set to decline a suggestion by the European Central Bank and the Bank of England to let issuers self-attest their deals without resorting to any external supervisor or certifier.

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