
As expected, the European Central Bank (ECB) has published its revised collateral haircut schedule. The revised schedule will take effect from 1 January 2011.
In early July, the German Bundestag (the lower house of parliament) passed a law which increases the 5 per cent. minimum retention level referred to in the Capital Requirements Directive (CRD) to 10 per cent from 2013.
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Partner
Peter Schulz, a partner in the Banking department in London, advises major banks and corporates on a broad range of financing matters, including syndicated and structured lending, acquisition financing and workouts and restructurings.
Partner
Andrew Trahair is joint Managing Partner of the global banking practice, based in London. He has extensive experience in a wide range of banking and finance transactions.
Partner
Randal Weeks is a partner in the General Lending and Restructuring practice and has broad general banking, structured finance and debt restructuring experience. His deals include acting for Marconi on its debt restructuring, acting on German and Italian NPL financings and acting for the senior lenders to the Meridien group in their syndicate-wide debt sale.