SYDNEY, Nov 26 (Reuters) - Australia's financial watchdog on Thursday released proposals to simplify rules for securitisations by banks allowing them to strengthen their funding position.
The Australian Prudential (L:PRU) Regulation Authority (APRA) said it was proposing to dispense with a credit risk retention or "skin-in-the-game" requirement.
APRA would allow for more flexibility in funding-only securitisation and remove explicit references to warehouse arrangements in the prudential framework.
The regulator said it was seeking feedback on the plans by March 1, 2016.