ESMA has updated the Question & Answers on the Securitisation Regulation (SECR) on 13 July 2023. In the Q&A, ESMA answers questions from market participants on the SECR. These are mainly detailed questions on the practical implementation of the regulatory provisions. The aim of the Q&A is to ensure a uniform application of the SECR
RTS on Homogeneity – EBA publishes Final Draft
On 14 February 2023, EBA published the Final Draft on the new RTS on homogeneity of STS securitisations. TSI had participated in the consultation on the Draft RTS in autumn 2022 (see news from 2 November 2023). The biggest criticisms on the EBA’s draft were the proposed differentiation in the homogeneity factor “type of obligor” for
Call for Advice from the Securitisation Regulator – Call to action!
Now it’s up to the EU Commission: On 12 December 2022, the Joint Committee (JC) of the ESAs published its report on the Call for Advice on securitisation regulation (see >> news article of 12 December 2022). Already in November, the TSI participated in an open letter to the EU Commission (for details see >> news article
EBA consults on draft RTS on Synthetic Excess Spread
As part of the Capital Markets Recovery Package, it was decided in March 2021 to include STS for on-balance-sheet securitisations in the Securitisation Regulation and to correspondingly adjust the CRR.
Consultation on Sustainability Disclosures related to STS securitisations
On 2 May, the European supervisory authorities EBA, EIOPA, and ESMA (the ESAs) published a consultation paper. This includes a draft regulatory technical standard (RTS) considering whether and to what extent ESG-data should be published. In particular, the draft RTS considers the disclosure of Principal Adverse Impact (PAI) effects with regard to assets financed via