On 21 December 2023, ESMA published the long-awaited consultation on the disclosure templates. The origin of this consultation lies in the report on the functioning of the Securitisation Regulation from October 2022, in which the EU Commission invited ESMA to revise the disclosure templates (see TSI kompakt of 10 October 2022). Following initial bilateral discussions with
EU Commission
RTS on Risk Retention – EU Commission publishes Final Draft
On 7 July 2023, the European Commission adopted the Final Draft of the Risk Retention RTS and published it as a Commission paper. The original Final Draft was drafted by the EBA and published in April 2022 (see TSI kompakt from 12 April 2022). This means that the EU Commission has taken considerably longer than the
Call for Advice on the Securitisation Prudential Framework – Response of the Joint Committee published
The Joint Committee (JC) of the ESAs today published the long-awaited response to the European Commission’s Call for Advice (CfA) on securitisation prudential framework (see news article of 18 October 2021). In the CfA, the EU Commission asked for advice on improving the regulatory conditions for securitisation. The core of the CfA was the review of
Request for Guidance to the EU Commission on ABS Investments in Third Countries
Under the leadership of AFME and Clifford Chance, several European associations, including TSI, have submitted a request for guidance to the European Commission regarding the interpretation of Article 5(1)(e) of the Securitisation Regulation (SECR). The background to the request is the interpretation of the above-mentioned article expressed in the EU Commission’s report under Article 46
European Council agrees on approach to implement Basel III regulations – Study by AFME and Risk Control
On 8 November 2022, the European Council published a “general approach” for the implementation of the EU Banking Package. This concerns the final implementation of the Basel III regulations, which will essentially be carried out via the adjustments to the Capital Requirement Regulation (CRR) and Capital Requirement Directive (CRD). The European Council essentially follows the