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Clifford Chance

Clifford Chance
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Thoughts on the recently published ECB guidance on leveraged transactions

9 June 2017

On 16 May 2017, the European Central Bank (ECB) published its finalised guidance on leveraged transactions, which will apply to banks supervised by the ECB under the Single Supervisory Mechanism (SSM). This guidance aims to harmonise the definition of leveraged transactions and ensure sound and consistent risk management practices. It enters into force six months after publication, on 16 November 2017.

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