Capital Relief Trades: Structuring considerations for synthetic securitizations (a three-part series providing a US and UK perspective)

Part three: Navigating the European rules and regulations

We conclude our series on capital relief trades (CRTs) with a UK perspective on CRTs, including the capital treatment and regulatory requirements for such transactions and the insurance and swap issues arising in connection with CRTs issued in the United Kingdom, as well as the European Banking Authority's consultation paper on a "simple, transparent and standardized" (STS) framework for synthetic securitizations.