7
Securitisation Risk
7.1
A firm must evaluate and address through appropriate policies and procedures the risks arising from securitisation transactions in relation to which the firm is investor, originator or sponsor, including reputational risks, to ensure in particular that the economic substance of the transaction is fully reflected in risk assessment and management decisions.
[Note: Art 82(1) of CRD]
- 01/01/2014
7.2
A firm which is an originator of a revolving securitisation transaction involving early amortisation provisions must have liquidity plans to address the implications of both scheduled and early amortisation.
[Note Art 82(2) of the CRD]
- 01/01/2014