STS Criterion 8. Self-certified loans
From Open Risk Manual
Description
Self-certified loans [1]
Content
In the case of securitisations where the underlying exposures are residential loans, the pool of loans should not include any loan that was marketed and underwritten on the premise that the loan applicant was made aware that the information provided might not be verified by the lender.
Rationale
See overarching rationale for consistency with the traditional qualifying framework.
Issues and Challenges
References
- ↑ EBA STS Framework for Synthetic Securitisation, EBA/DP/2019/01
