On 27 June 2023, the European Parliament and Council agreed on the EU banking package and thus completed the final implementation of the Basel III requirements in the EU. We have already reported on the essential changes in the course of the announcement (see TSI kompakt of 28 June 2023). We now have detailed information
Securitisation Regulation
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
ESMA updates Q&A on the Securitisation Regulation
ESMA has updated the Question & Answers on the Securitisation Regulation (SECR) on 13 July 2023. In the Q&A, ESMA answers questions from market participants on the SECR. These are mainly detailed questions on the practical implementation of the regulatory provisions. The aim of the Q&A is to ensure a uniform application of the SECR
Call for Advice from the Securitisation Regulator – Call to action!
Now it’s up to the EU Commission: On 12 December 2022, the Joint Committee (JC) of the ESAs published its report on the Call for Advice on securitisation regulation (see >> news article of 12 December 2022). Already in November, the TSI participated in an open letter to the EU Commission (for details see >> news article
ECB Consultation for the Reporting of Securitisation Transactions
In May 2021, the ECB published its decision to also supervise the credit institutions it supervises with regard to the reporting of securitisation transactions. Specifically, the powers relate to compliance with Articles 6 (risk retention), 7 (transparency) and 8 (prohibition of re-securitization) of the European Securitisation Regulation (EU) 2017/2402 and (EU) 2020/1224 (VV) . Now,