Securitization sponsors have generally interpreted the new guidance as requiring a sponsor to consolidate a SPE under circumstances in which the sponsor retains loan-servicing obligations and exposure to the equity tranche of the securitization.
Rimšēvičs: The Latvian financial and economic crisis of 2008-09 is over and has been for quite some time – Latvia has been the fastest growing EU economy for three consecutive years and, according to the European Commission’s forecasts, we can look forward to another couple of years of similar performance.