Open on EUR-Lex ↗

Recital 9

Recital 9

(9)The risk-retention requirement aligns the interests of originators, sponsors and original lenders that are involved in a securitisation with those of investors. Typically, in securitisations of performing assets, the prevalent interest on the sell-side is that of the originator, who is often also the original lender. In NPE securitisations, however, originators seek to offload the defaulted assets from their balance sheets, as they might no longer wish to be associated with them in any way. In such cases, the servicer of the assets has a greater interest in the debt workout for the assets and in value recovery.

Official text · the act as publishedFrom the act as published (consolidated texts do not carry recitals or the preamble). Open full page ↗
6 queries · page built in 4 msInventory f82bbfa3