The Reserve Bank of India (RBI), through its Press Release dated June 08, 2020 issued “Draft Framework for Securitisation of Standard Assets” and “Draft Comprehensive Framework for Sale of Loan Exposures” and has raised a few questions for discussion therein. The RBI has invited comments and suggestions from the industry by 30th June, 2020.
In this regard, Indian Securitisation Foundation (ISF), on behalf of the securitisation and structured finance industry in India, intends to submit a few comments on each of the above mentioned draft frameworks. The draft of the representation has been put on on the website of ISF for public comments. The same maybe viewed here: http://indiansecuritisation.com/product1/21592487260.pdf
ISF further proposes to organise an online panel discussion to discuss the suggestions collated from the industry and decide on the final set of representations to be made to the RBI.
Date: 25th June, 2020
Time: 4 pm IST
Place: On the internet
Some Useful Resources on the Draft Frameworks:
- Presentation on Draft Directions on Securitisation of Standard Assets: http://vinodkothari.com/2020/06/presentation-on-draft-directions-on-securitisation-of-standard-assets/
- Presentation on Draft Directions on Sale of Loan Exposures: http://vinodkothari.com/2020/06/presentation-on-draft-directions-on-sale-of-loans/
- Inherent Inconsistencies in Quantitative Conditions for Capital Relief: http://vinodkothari.com/2020/06/inherent-inconsistencies-in-quantitative-conditions-for-capital-relief/
- Comparison of Draft Framework for Sale of Loans with Existing Guidelines and Task Force Recommendations: http://vinodkothari.com/2020/06/comparison-on-draft-framework-for-sale-of-loans-with-existing-guidelines-and-task-force-recommendations/
- Comparison of the Draft Securitisation Framework with Existing Guidelines and Committee Recommendations: http://vinodkothari.com/2020/06/comparison-of-the-draft-securitisation-framework-with-existing-guidelines-and-committee-recommendations/
- Originated to transfer: New RBI regime on loan sales permit risk transfers: http://vinodkothari.com/2020/06/originated-to-transfer-new-rbi-regime-on-loan-sales-permits-risk-transfers/
- New regime for Securitisation and Sale of Financial Assets: http://vinodkothari.com/2020/06/new-regime-for-securitisation-and-sale-of-financial-assets/
- Securitisation and covered bonds for housing finance: http://vinodkothari.com/wp-content/uploads/2019/05/securitisation-and-covered-bonds-for-housing-finance.pdf