Wednesday, Jun 17, 2009
Securitised product regulation rumours in the U.S.
NY Times Blogs: Is skin in the game the answer?
According to the Washington Post, one part of the soon-to-be-announced financial regulatory reform will be a requirement that lenders keep some “skin in the game”: Lenders would be required to retain at least 5 percent of the risk of losses on each package of loan pieces, known as an asset-backed security.
Posted by 51ck-6-51x @ 03:07 PM (392 views) Add Comment
1 Comment
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1. drewster said...
Here's a better rule: all senior managers in banks must have their pension funds invested purely in the bank's shares. That would concentrate the minds of the Fred Goodwins of this world.