UK Financial Regulator Paper: Large Exposures Regime Groups of Connected Clients and Connected Counterparties

Large Exposures Regime Groups of Connected Clients and Connected Counterparties, Financial Services Authority, January 26, 2012

  • “To propose new guidance on the treatment of LE to structured finance vehicles. This guidance builds on the Committee of European Banking Supervisors (CEBS) guidelines on the implementation of the revised LE regime published in December 2009. We aim to provide additional clarity on how exposures to structured finance vehicles, such as asset backed commercial paper (ABCP) conduits, credit card and mortgage master trusts (MT), covered bonds (CB), commercial mortgage backed securities (CMBS), collateralised loan obligations (CLO) and certain other standalone securitisation vehicles should be aggregated under the LE regime.”
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