With its communication on the competitiveness of the European banking sector, published on 17 July 2026, the European Commission has presented a comprehensive agenda to make the European banking market more efficient, integrated, and growth-oriented. The initiative is a key pillar of the Savings and Investments Union (SIU) and is intended to ensure that banks continue
Capital markets union
ESMA publishes feedback on the consultation on the UCITS Eligible Assets Directive – feedback on securitisations controversial
UCITS (Undertakings for Collective Investments in Transferable Securities) funds may invest in securitisation, subject to a concentration limit of 10%. As part of a consultation on the UCITS Eligible Assets Directive (see TSI kompakt of 15 April 2025), ESMA discussed the pros and cons of adjusting the concentration limit with market participants. Mixed feedback from
TSI and GBIC respond to EU consultation on securitisation – rigorous implementation of a series of measures required to strengthen the Capital Markets Union
Together with the German Banking Industry Committee (GBIC) and in close cooperation with its stakeholders from the TSI partner network, TSI today responded to the consultation on securitisation regulation. The European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) invited to this consultation on 9 October and asked about all
Paris Europlace publishes report on the role of securitisations in financing the EU agenda
Public support for securitisation as part of the financing of the dual transformation continues: Paris Europlace has published a report on the role of securitisations in financing the EU agenda. After a French working group chaired by Christian Noyer published its final report on revitalising the Capital Markets Union in spring (see TSI kompakt of
Noyer Group publishes report on revitalising the Capital Markets Union – securitisation central element
The Noyer Group published its final report on April 25. The working group, chaired by Christian Noyer, former Vice President of the ECB, was initiated by French Finance Minister Bruno Le Maire. At the beginning of the year, it was entrusted with the task of developing proposals for the revitalisation of the Capital Markets Union.