Following intensive negotiations, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) yesterday adopted its position on the revision of the securitisation framework. Rapporteur Ralf Seekatz succeeded in securing a majority across the political centre. This paves the way for a timely start of the trilogue negotiations. Substantive changes in ECON Building on Seekatz’s
EU Commission
Europe’s Capital Markets: The EU’s Six Largest Members (E6) Demand Urgent Action from the European Commission
Europe’s businesses are struggling to access growth capital. While regions such as the US and Asia boast deep, liquid markets, Europe is falling behind. The result: innovative companies relocate or fail due to a lack of risk capital. The German government and five other EU member states (France, Italy, the Netherlands, Poland, and Spain –
ESRB publishes status report on synthetic STS on-balance-sheet securitisations
On 5 May, the European Systemic Risk Board (ESRB) published a report on the impact of STS on-balance-sheet securitisation on financial stability in the EU. The analysis indicates that the market is growing, with an increasing number of banks using synthetic STS securitisations to transfer credit risks. The ESRB concludes that the market is currently
EU Commission consults hurdles to capital markets integration against the background of the SIU – securitisations only mentioned in passing
The European Commission is currently focusing on the implementation of the Savings and Investment Union (SIU), see TSI kompakt from 20 March. Against this background, it published a comprehensive consultation on 15 April, which asks the market about hurdles to the integration of European capital markets. The consultation is aimed in particular at market participants
European Commission publishes strategy on Savings and Investments Union – Securitisation continues to play a role
On 19 March, the European Commission published a strategy paper on the new Savings and Investments Union (SIU). The SIU follows on from the European Capital Markets Union and builds on it accordingly. The aim of the SIU is to better connect savings with investments across European borders. To this end, households are to be
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