The German government has pushed back gold-plated
securitisation retention rules until 2015, but lawyers say
theyre unlikely to ever be implemented.
Proposals for the German act that will implement the EU
Capital Requirements Directive II (CRD II) initially included a
10% retention rule for securitisations originated by German
institutions, to be introduced in 2013. This doubled the 5%
that the latest EU Directive insists...