EU Vs. US — Reforming The Securitization Market
Included in the plan are proposals to reform the securitization market, but there are many political and legal hurdles that stand in the way of those proposals becoming law.
In contrast, reforms in the European Union are further down the legislative track. The EU approach was adopted by the European Parliament on May 6, 2009, via Article 122a of the Capital Requirements Directive...
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