ESF Submits Comments to BCBS Asset Securitization Provisions of the New Basel Capital Accord
Published on:
September 11, 2002
The European Securitization Forum (ESF), and affiliate of The Bond Market Association (TBMA)*, provides comments to the Basel Committee on Banking Supervision Bank (BCBS) on asset securitization under the Supervisory Formula Approach (SFA) and the Ratings Based Approach (RBA) of the New Basel Capital Accord. While ESF notes the progress in the developments of the proposals, ESF believes the proposals require further significant changes.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.