On 8 July 2024, a Delegated Regulation from the European Commission to supplement the SECR came into force. This RTS relates to STS securitisations in the asset classes auto ABS and RMBS, i.e. securitisations backed by auto financing and residential property loans. The RTS specifies the content, methods, and presentation of information on the Principal
STS Securitisations
Is the Securitisation Regulation functioning? Joint Committee asks for feedback by the end of January 2024
At the beginning of 2024, the Joint Committee of the European Supervisory Authorities (ESAs) will once again examine the functionality of the Securitisation Regulation. The ESA reports are important guides: The first report on the EU Securitisation Regulation in accordance with Article 44 was published in May 2021 (see TSI kompakt). The European Commission’s report on
ESMA publishes analysis of the European securitisation market – caution with interpretations of data
ESMA has analysed the European securitisation market. The analysis focuses mainly on Public ABS issued since the introduction of the Securitisation Regulation in 2019; “UK securitisations” are not taken into account. ESMA is well-aware that a generalisation of results of their analysis is rather limited due to this technically detailed consideration of a specific segment
Greenwashing in the financial sector – ESAs publish progress reports
On June 1, the ESAs (EBA, EIOPA and ESMA) presented their common understanding of greenwashing in the financial sector. The progress reports are an initial response to the European Commission’s request to the three ESAs for input on greenwashing risks related to Sustainable Finance. […]
ESAs publishes final Draft RTS for ESG disclosures for STS securitisations
The ESAs published their final report together with the final Draft RTS on the disclosure of sustainability factors for STS securitisations on 25 May. This was prompted by the 2020 Capital Market Relief Package, which called on the EBA to explore how technical standards for ESG disclosure of TST securitisations could be designed (see TSI kompakt of




