The announcement by Bayerische Landesbank ( BayernLB ) a few days ago that it had completed its debut synthetic securitization that complies with the so-called “simple, transparent and standardized” ( STS ) criteria of the EU’s Securitization Regulation came at a perfect moment. Because it coincided with a 1-to-1 social media discussion I was having around this topic with a financial institutions group advisory banker at a major European bank.