Capital Buffers and Risk-weighted Assets Under Basel III - METAC

RWA: SECURITIZATIONS• Increased capital requirements in relation tosecuritization operations:− Alignment of the treatment of the trading portfolio’ssecuritizations on that of the banking portfolio’ssecuritizations;− Creation of a minimum retention threshold equal to5% of the economic interests for the originators (« askin in the game ») => grant by upstream banks ofloans of a better quality and contribution downstreamto a better monitoring of the receivables once theyhave been securitized;− Tightening of the capital requirements at the level ofthe re-securitizations and liquidity lines;− Disclosure requirements.21