Germany expected to abandon retention rules

Author: | Published: 11 Nov 2010

The German government has pushed back gold-plated securitisation retention rules until 2015, but lawyers say they’re 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...