The European Parliament’s Committee on Economic and Monetary Affairs (ECON) invited TSI, alongside with AFME, Finance Watch and ESRB, to the public hearing on the securitisation regulation held in Brussels on 13 October. We had the opportunity to present the positions developed jointly by the BdB (Association of German Banks) and TSI and to answer questions from the committee members.
The various presentations and the subsequent discussion made it clear that
- The European Parliament is engaged in intensive and constructive discussions on the European Commission’s legislative proposals to improve securitisation regulation in SECR and CRR.
- Important fundamental questions were discussed on how securitisation contributes to financing the transformation and specifically supports the real economy.
- There is a need for improvement in some key areas. This applies in particular to the complex proposals on resilience and capital requirements, the overly broad definition of public securitisation, and the strengthening of the investor base, including the greater involvement of insurance companies in synthetic on-balance-sheet securitisation.
- There is broad consensus that, on the one hand, securitisation contributes to financial market stability and the financing of the transition and, on the other hand, further important steps are necessary for the Savings and Investment Union (SIU), particularly in the area of equity financing.
Here you can find
the complete recording of the hearing
(from 4:00 p.m. to 5:30 p.m.)
the presentations given