A special purpose vehicle (SPV) established by TSI Services GmbH was subjected to an extensive external tax audit in the period from November 2022 to September 2023. The SPV was set up for a securitization transaction of a German originator – consumer loans were securitized as part of the revolving structure. The scope of the
Securitisation
European Green Bond Standard: Positive Vote of the European Parliament
On 5 October, the European Parliament adopted the “European Green Bond” regulation in first reading. The decision is essentially made against the background of the informal agreement of the EU legislators in the trilogue procedure on the European Green Bond Standard (EuGBS) as a voluntary standard for the issuance of bonds. With regard to the
Comments on FSB consultation: Evaluation on Effects of G20 Reforms on Securitisation
The feedback period on the G20 Financial Stability Board’s (FSB) consultation on the impact of financial market regulation since 2008 on securitisations (see TSI kompakt of 30 August 2023) ended on 22 September. TSI submitted a statement together with Deutsche Kreditwirtschaft (DK). The statement addressed the following points in particular: Recalibration of capital requirements Effects of
A French-German roadmap for the CAPITAL MARKETS UNION
The most recent paper dated 13th September 2023 outlines a joint initiative by France and Germany to enhance the Capital Markets Union (CMU) in the European Union (EU). The primary focus is on mobilizing private capital for financing the transition and improving the role of capital markets in funding businesses. It is especially worth to
FCA opens consultation on new UK Securitisation Regulation
The Financial Conduct Authority (FCA) has opened a consultation on the new UK securitisation regulation. After Brexit, the European securitisation regulation was initially translated into UK law, which is referred to as “retained EU law” in the UK. This retained EU law is to be gradually converted into UK law. HM Treasury then began to
- 1
- 2
- 3
- …
- 5
- Next Page »