Europe, Middle East and Africa: in flux

Author: Olly Jackson | Published: 17 Oct 2018

Securitisation shakeup The UK securitisation market is set for a shakeup next year with much of the new Securitisation Regulation set to come into force. The market is concerned that the new rules surrounding the setting up of third-party verification (TPV) agents are both unclear and resource intensive, but the rule change also could coincide with a drop in demand for collateralised loan obligations (CLOs). Only two firms have applied to be a TPV so far and anyone thinking of setting up a business will need to hit the ground running. Jonathan Walsh, partner at Ashurst said the role is going to be one made up of a coordinator and a facilitator. "It will be an awful lot of work to undertake: the notification template is going to be quite something to complete, given the information will have to be...