European banks set for asset-backed debt relief in EU market overhaul
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Vienna
EUROPEAN banks and investors will face looser capital and oversight rules for asset-backed debt as the European Commission seeks to help revive corporate lending.
The European Union's executive body is seeking to cut the minimum risk weight on securitisations that qualify as simple and transparent by 5 percentage points to 10 per cent, according to a draft regulation obtained by Bloomberg News.
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