Tamara Box

Subscribe to all posts by Tamara Box

Can the EBA and Basel Committee proposals help banks clean up their balance sheets using NPL securitisations?

Read time: 8 minutes At a glance A large number of legacy non-performing loan exposures (NPLs) continue to subsist on the balance sheets of banks. Portfolios of NPLs tie up huge amounts of regulatory capital which, in turn, limits the amount of capital that banks have available to lend to the real economy. The economic … Continue Reading

Structuring securitisations in a post-Brexit world

Read time: 3 minutes 3o seconds Background Although the United Kingdom (UK) left the European Union (EU) at 11pm on 31 January 2020, the terms of the Withdrawal Agreement between the UK and the EU provide for a transition period until 31 December 2020 (Exit Day). During the transition period, the European Securitisation Regulation (ESR) … Continue Reading


For some time now I have struggled to give an abbreviated version of what I do.  When “I’m a lawyer” elicits the question, “What sort of law do you practice?” I find that there is no short, layman’s-terms explanation of structured finance that doesn’t put people to sleep.  Recently I have resorted to saying, “I … Continue Reading

Welcome to the Structured Finance in Brief Blog

I am delighted to welcome you to Reed Smith’s Structured Finance Group blog, Structured Finance in Brief. We are thrilled to be able to share with you our views on the changing face of the structured finance market in real time. And we all know that there is a lot to talk about, what with … Continue Reading