On 20 December 2021, the European Banking Authority (EBA) published its current consultation for synthetic securitisations. It is about the determination of performance-based triggers for synthetic STS securitisations.
synthetic securitizations
New STS securitisation rules for synthetics come into force as early as 9 April 2021
On 25 March, the EU Parliament adopted draft legislation on STS for synthetic and NPL securitisations under the Capital Market Recovery Package (CMRP). Only a few days later and before Easter, the pending approval of the EU ministers in the Council took place and the publication in the Official Journal took place with today’s date.