The French securitisation regime was reformed in 2008. The goal of this reform was to make French securitisation more flexible. One of the most important measures introduced by the 2008 reform includes allowing regular companies to be used as securitisation vehicles. Furthermore, the reform allows originators to use any assignment mechanism they want to assign the receivables, lifts restrictions on the entities that can act as management company or custodian, and reinforces the insolvency remoteness of securitisation transactions. Finally, it introduces the possibility to securitise insurance risks under French law.
Document Type: Research Article
Publication date: May 1, 2009
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