For example, movement of credit exposure to speculative grade firms from a bank’s balance sheet to a vehicle that is stably funded by sophisticated, deep-pocket institutional investors could be a net gain to financial stability. Movement of such loans to a highly leveraged, runnable vehicle beyond the regulatory perimeter could have the opposite effect.
This is the only piece of advice I want to give to “my advisors”, with whom I am very, very satisfied. I hope that all the pieces of the puzzle of opinions, letters of intents and decisions will be put together in the next few weeks so that we get the “green light” for our future cooperation with you. 2  BIS Review 64/2008