IOSCO has published an implementation report that looks at how firms have implemented its recommendations on securitisations. The report looks at:
- the “skin-in-the-game” requirement to keep some economic interest;
- investor suitability; and
- international co-ordination and regulatory co-operation.
It concludes that regulators could do more to encourage better disclosure standards and could co-operate better with each other. (Source: Task Force on Unregulated Financial Markets and Products: Implementation Report)