Events listed in Securitisation Regulation (SECR)
US and Asia securitisation markets contribute far more to financing their economies ...
ID 23579
AFME has released data showing that the securitization market in Europe, including the EU and UK, is significantly lagging behind other global regions in terms of its contribution to economic financing. Indeed, over a 15-year period up to 2022, securitization issuance in the EU+UK experienced limited growth, with EU issuance equal to **0.3% of EU GDP and UK issuance equal to 0.9% of UK ...
ESAs propose ESG disclosures for STS Securitisations
ID 23406
The ESAs have jointly proposed Draft RTS on ESG impact disclosure for STS securitisations. The purpose of these standards is to provide market participants with the necessary information to make informed decisions about the sustainability impact of their investments. The proposed RTS focus on ESG disclosures for STS securitisations with underlying exposures in residential loans, auto loans, and leases. These standards aim to ensure ...
EBA consults on the draft Guidelines on the STS criteria for on-balance-sheet ...
ID 22890
EBA launched a public consultation on its draft Guidelines on the STS criteria for on-balance-sheet securitisation under Article 26a(2) of Regulation (EU) 2017/2402 of the European Parliament and the Council. The introduction of STS criteria for on-balance-sheet securitisations in the Securitisation Regulation means that they are now eligible for preferential risk-weight treatment under the CRR. The draft Guidelines provide a __harmonised interpretation of the ...
Avvio della consultazione pubblica sul Regolamento cartolarizzazioni in attuazione ...
ID 22321
The Consob has launched a public consultation to define the implementation provisions of article 4-septies.2 of the TUF on securitizations. Regulation (EU) 2017/2402 (Securitisation Regulation), subsequently amended by Regulation (EU) 2021/557, introduced uniform rules at European level for securitisations and a specific framework for simple, transparent, and standardized securitisations (STS), applicable since January 1, 2019. The Securitisation Regulation provides specific ...
[JC 2023 02 ] Joint Committee Q&As relating to the Securitisation Regulation
ID 21934
The three ESAs – ESMA, EIOPA, and EBA – have published a revised version of their questions and answers (Q&As) in connection with the securitization of assets. Specifically, the ESAs added Questions 7-17, which we would like to present in full as follows: >Q7: The inclusion of early amortisation provisions or trigger for termination of the revolving period in the transaction documentation In the ...
EBA publishes final draft technical standards defining the homogeneity of the ...
ID 21868
The European Banking Authority (EBA) published its final draft Regulatory Technical Standards (RTS) setting out the conditions for the assessment of the homogeneity of the underlying exposures in a pool of a Simple, Transparent and Standardised (STS) on-balance-sheet securitisation. One of the most important simplicity requirements is homogeneity, which enables investors and originators to accurately analyze the underlying risks and facilitates investor due diligence. ...