FSA Publishes Consultation Paper on Large Exposures Regime
The Financial Services Authority has published a consultation on large exposure regimes in order to (i) propose rule changes to the FSA Handbook definition of Connected Counterparties and the basis for aggregating exposures to Connected Counterparties when applying large exposure limits, (ii) propose new guidance on the treatment of large exposures to structured finance vehicles and (ii) propose a change to the Handbook guidance on the institutional exemption.
Responses on the proposals should be submitted to the FSA no later than 26 April 2012.