269 6.6 Conclusion Irne ttehni tsi op na pme re, twh oe di ns voens tt ihgea tcer et hd ei t irma tpi ancgts oafntdh ep rdiicf if ne rgeonft sEeucruorpi tei za ant iroeng ut rl aatnocrhyersi sakt tEhuer ot ipme ea no sf ei sc suur ai tni zc ae t. i To hn et rrai snks arcettieonntsi ,ohna rs ut lhee, tphuartpcoasme et oi nb teot tfeorr ac el i gans tohf e2i0n1t e1r ef os rt ba lel ot wwese no rtihg ei n aotroi gr si n at ot o ru saen ds etvheer ai ln vme settohro. dTsh et oc urrerteani nt r(eagt u ll ea at os rt )y 5f r%a m oe fw ot hr ke s( ne coudr ii tf if ze ar et inotni attri ao nn s aa mc t ioonng. sCt utrhreemn t liys, tahpepslei emd )e tbhyo dr es gruelcaet ii vo en aann de qi ut ai sl tur epa tt om et hnet retainer which method to apply. W2 0i1t h1 aa nlda r2g0e2s1a, mwpe lsehoofwEtuhraot pCeRaAn s saescsui gr int ibz ea tt ti oe nr sc roerdi igt i rnaattiendg satnods es coul dr i tbi ez tawt i eo enns ud si si na ggr et heemFe LnTt s r(i es ki t hreert emn toi or en omr el et hs os )d .dIenp eandddiint igo no,nCtRhAe st raal ns oc heexsp’ erri si eknrceet erna tt ii onng mw iet thh do di f .f eI nr et enrtersitsi kn grleyt, eanl st ioo inn vme es tt ho rosd aedvj euns t atfht ee ri r cporni tcri no lgl iantgi sf os ur at nh ce ec froerd ti tr arna ct ihnegs. Iann dp aOr Bt i Sc uml aert, ht ho ed y, cdoemmpaanrde dl otwo et rh es pFrLeTa dms eatth iosds u. Ta nh ci se sf uo gr gt er as tnsc ht he as t wa ist he xt ph ee c Vt eEdS, imn ve et hs ot odrss aasn dh aCvRi nAgs ue qn ul i akle rriesgku. l Oa tuorr sr edsou lnt so t apr ee r coef i vpea rtthi ce udl ai frf eirme npto rrteatne cnet i ot no rr ee gt eunl at itoonr smaentdh os ud ps earnvdi swo rhse at hnedr stthr eoyn gs lhyosuul dg gi ensdtereedc obne stirdeeartiendg et qh ue adl il yf f. e r e n t r i s k Ft ou ttuhree crhe os es ae rnc hr i cs ok urledt ae snst ei osns tmh ee itnh ho edr euns itnrgi s lkosaonf tl ehveeul nddaet ral.yAi nngopt hoeorl sai vnerneul aet ifoonr fpuatyumr ee nr et sset ar ruccht uwr eosu ol df rbeet aa i nt heeros raent idc ai nl vme os tdoerlst hf oart tthaek edsi fifne troe na tc cmoeutnhtotdhse. v a r i o u s Chapter 6 - Risk Retention in the European Securitization Market
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