At the end of March, ESMA launched a first consultation on technical standards for the registration and supervision of independent External Reviewers in the context of the European Green Bond (EuGB) Regulation (see also TSI kompakt of 5 October 2023). The EuGB Regulation will take effect from 21 December 2024, by which time the legal
Archives for March 2024
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2. & 3. 07. 2025
TSI Training | EN
2 & 3 July 2025
Academic View – Uneven Regulatory Playing Field in Securitisations
The research paper by Thomas Papadogiannis Varouchakis critically assesses the European securitisation market, particularly the effects of regulatory discrepancies that have impeded its recovery post-Global Financial Crisis (GFC). The key findings and recommendations from the paper highlight the challenges and propose solutions to revitalize this market, which is crucial for financial diversification and stability in
RTS for the calibration of performance triggers comes into force
The Regulatory Technical Standard (“RTS”) on performance-related triggers for synthetic STS securitisations will enter into force on 11 April, following its publication in the official journal of the European Union on 22 March. This finalises the rules regarding the point at which synthetic securitisations must switch from pro-rata to sequential amortisation. These rules serve to
TSI & GBIC submit response on ESMA’s consultation on disclosure templates / Joint Bank Reporting Committee (JBRC) before foundation
Together with the German Banking Industry Committee (GBIC), TSI has responded to ESMA’s consultation on disclosure templates, which ended last Friday, 15 March 2024 (see also TSI compact article of 8 January 2024). The response was developed in close cooperation with TSI stakeholders and emphasises the following points in particular: Key contents of the TSI
Tailwind for securitisations from the EU
Securitisation is receiving a tailwind from EU institutions. After the French and German finance ministries (see TSI kompakt article from 13 September 2023) and Christine Lagarde as president of the ECB publicly pointed out the importance of securitisation as a financial instrument in the context of the Capital Markets Union, the call for more securitisation