The proposed rule would provide securitization sponsors with several options to satisfy the risk retention requirements in section 941 and, as required by the Dodd-Frank Act, would exempt certain securitizations, including securitizations of “qualified residential mortgages” (QRM), from risk retention.
Complementing the existing bridges, the new Marmaray tunnel underneath the Bosporus Strait has just been opened. For the first time in history, a tunnel connects two continents. Making connections is also what the Bundesbank has in mind in sending representatives abroad. With our network of representatives we aim to cover, in particular, the major G20 countries outside the euro area.