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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27 October 2026
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27 October 2026
Exposure Value of Synthetic Excess Spreads – EBA publishes final draft
The EBA published the Final Draft on the RTS on the exposure value of synthetic excess spreads (SES) on 25 April 2023. The first draft was published on 9 August 2022 and consulted until October 2022 (see TSI kompakt of 11 August 2022). The obligation to consider the SES as securitisation position which has to
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
TSI response on EBA Consultation of the RTS Homogeneity
The consultation of the European Banking Authority (EBA) of 28 July 2022 on the RTS Homogeneity expired last Friday. The topics are the adjustment of the homogeneity factors and the extension of the RTS to synthetic securitisations. For an overview of the contents, see the TSI Securitisation and Regulation News of August 2022. Together with its
TSI supports AFME response on the EBA consultation “Exposure Value of SES”
Last Friday, 14 October 2022, the EBA’s consultation period on the draft RTS on the capital adequacy of synthetic excess spreads (“SES”), the so-called Exposure Value of SES, expired. The Association for Financial Markets in Europe (AFME) has submitted a detailed response to the EBA. The underlying regulations STS for synthetic securitisations had already entered