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EBA Consults on Draft Guidelines on Implicit Support for Securitisation Transactions

The European Banking Authority has launched a public consultation on draft guidelines on implicit support for securitisation transactions. The objective of the guidelines is to provide clarity on what constitutes arm’s length conditions and when a transaction is not structured to provide support for securitisations. The consultation runs until 20 April 2016.

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Zain Group Names Chief Risk Officer

Zain Group, a mobile telecommunications company headquarted in Kuwait, has announced the promotion of AbdulGhaffar Setareh to the newly created role of chief risk officer, reporting to the risk committee. In this new role, Setareh will be responsible for delivering the global risk framework and strategy across all operations within Zain Group.

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