On 5 August 2025, the EBA published a statement on the ESG disclosure requirements under Article 449a CRR. The background is the extension of this requirement to all institutions through the so-called CRR 3. At the same time, uncertainties remain regarding the final design, as the legislator is still revising key aspects of the Taxonomy
EBA
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
New homogeneity RTS comes into force
The new RTS on homogeneity was published in the official journal of the European Union on 15 February and will therefore enter into force on 6 March 2024. In addition to non-ABCP and ABCP transactions, the RTS now also includes synthetic on-balance-sheet transactions. In terms of content, the RTS is similar to the final draft
Harmonisation of the European reporting system – will it get worse before it gets better?
The European reporting system is to be harmonised On the one hand, the European Single Access Point (ESAP) was recently enshrined in European law (see TSI compact dated 16 January 2024. As a central European access portal for highly granular information, including ESG data from companies and issuers, it is intended to facilitate compliance with
EBA Consultation on STS Guidelines for Synthetics
The consultation period on the STS Guidelines for synthetic securitisations published by the EBA on 21 April (see TSI kompakt of 24 April 2023) ended on 7 July. The STS Verification International GmbH (“SVI”), as an independent subsidiary of TSI, has through its activity as a third-party verifier very detailed insights into the practical implementation
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