The Ministry of Finance has prepared the law on securitization for the second reading

28 July 2013, Sunday

The Ministry of Finance has prepared for the second reading of a long-awaited law on market - securitization, which will allow banks to issue bonds backed by any homogenous assets.

Now lenders can produce paper only under pools of mortgage loans, do HMLA agents and mortgage banks.

The amendments also, if adopted, will enable banks to attract funding for pools of consumer and auto loans, credit card portfolios, etc.

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