Iosco advice unwelcome and costly

Author: | Published: 1 Oct 2009
Iosco wants to iron out problems with originate-to-distribute

Recommendations to increase scrutiny of verification and risk assurance practices on securitisation deals will meet opposition from practitioners, and could lead to big increases in deal costs.

The final report of a taskforce put together by the International Organisation of Securities Committees (Iosco) on unregulated financial markets and products has made several unwelcome...