Commerzbank CEO Bettina Orlopp has called on European Union legislators to “move some things around” in the final negotiations for the new securitisation rules in a speech at the TSI Congress in Berlin, an event which has just turned 20 years old and is attracting a more international crowd than ever.
The conference in the German capital took place at a crucial time for EU securitisation, just days after a third trilogue meeting between lawmakers from the European Parliament, Council and Commission.
The negotiators have recently agreed a 5% risk-weight floor, potentially lowering capital requirements for senior ABS exposures on bank balance sheets — an industry-friendly move — but other contentious issues such as the sanctions regime remain in flux, as reported by 9fin.
“Looking at where the trilogue negotiations currently stand, I have to say, while it is certainly a good step in the right direction, the revision will most likely not be the game-changer people would have hoped for,” Orlopp told delegates on the first day of the conference on Thursday.
“Some parts of the framework may even become more complex and not less, and that was clearly not the intention of these proposals two years ago,”...
