RBI releases discussion paper on the ‘Securitization of Stressed Assets Framework’
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- Last Updated on 28 January, 2023
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Press Release no. 2022-2023/1614, dated: 25-01-2023
The RBI has released a discussion paper on the Securitisation of Stressed Assets Framework (SSAF), inviting comments from stakeholders. The Discussion paper broadly covers 9 relevant areas of the framework, including asset universe, asset eligibility, minimum risk retention, a regulatory framework for special purpose entity and resolution manager, access to finance for resolution manager, capital treatment, due diligence, credit enhancement and valuation etc.
Further, comments may be submitted by 28.02.2023 to the Chief General Manager, Credit Risk Group, Department of Regulation, Central Office, the Reserve Bank of India or by e-mail.
Earlier, the RBI vide Statement on Development and Regulatory Policies released on September 30, 2022, had proposed to introduce a framework for the securitisation of stressed assets, in addition to ARC route.
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