Global financial policymakers eased capital requirements for high-quality securitisations last week, softening their stance even as their European counterparts consider tightening the rules for the asset class. The Basel Committee on Banking Supervision updated its rules to improve the capital treatment of "simple, transparent and comparable" securitisations with higher quality underlying assets. Basel cut the "risk-weighting" - or minimum amount of core capital banks must hold - to 10% from 15% for transactions that fit the STC framework.
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