Germany moves ahead with securitization laws

11/1/2010 | Reuters

Germany's lower house of parliament has passed a bill that would require banks to retain a larger proportion of risks in asset-backed securities. The move means banks would have to keep on their books at least 5% of risks from loans that are securitized and resold as ABS. The bill was drafted by both houses of Germany's parliament, so the upper house's approval is expected to be a formality.

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