ECB seeks capital clarity on Spire repacks - Risk.net

Article ID: 63f7f8bbf7df6dad6b39da78bf2b49ba283d57f586e320cc6726a7a85a391442

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URL: https://www.risk.net/markets/7963003/ecb-seeks-capital-clarity-on-spire-repacks

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ECB seeks capital clarity on Spire repacks
Dealers split between counterparty credit risk and market risk frameworks for repack RWAs
European regulators are debating whether capital requirements for repackaged notes issued on multi-dealer platform Spire should be calculated under the counterparty credit risk (CCR) or market risk framework – a matter which could have pricing consequences for instruments whose popularity has soared.
The European Central Bank (ECB) wrote to the European Banking Authority (EBA) in September, to
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