Today the BCBS and IOSCO release a consultative document on ‘simple, transparent and comparable’ securitisations

As part of the workstream jointly set up earlier this year by the BCBS and IOSCO to look into high quality securitisation, a consultation paper on “simple, transparent and comparable” securitisation was released today.  The paper sets out proposals for a principles based approach identifying quality securitisations.  In a process that parallels the consultation of the EBA on simple, standardised and transparent securitisations and the ECB/Bank of England consultation on similar topics, this paper is a welcome globalisation of a debate which PCS believes needs to inform all future regulatory approaches to securitisation.  The consultation period ends on February 13th, 2015.