On 11 November, the European Central Bank published its assessment of the European Commission’s legislative proposals to revive the securitisation markets. Both the Council of the European Union and the European Parliament had asked the ECB for its opinion, and the publication had been expected since the beginning of October. Against the backdrop of the
Securitisation market
Green light for European Green Bonds: The first External Reviewers can get started
The European Green Bond Regulation (EuGB) has been in force since 21 December 2024. The standard mandates the review of relevant green bonds – including public ABS – by an independent External Reviewer supervised by ESMA. An External Reviewer conducts a pre- and post-issuance review as well as a review of impact reports.(see also TSI
Late Payment Regulation and European Parliament go into recess – and return with the new legislative period: What does this mean for the securitisation of trade receivables?
Back in September 2023, the European Commission presented its proposal for a Late Payment Regulation as part of the SME Relief Package. The subsequent debate centred primarily on the strict reduction of payment terms to a maximum of 30 days and the creation of a new authority to monitor and enforce the regulation. The aim
EuGB Regulation – Consultation on External Reviewers
At the end of March, ESMA launched a first consultation on technical standards for the registration and supervision of independent External Reviewers in the context of the European Green Bond (EuGB) Regulation (see also TSI kompakt of 5 October 2023). The EuGB Regulation will take effect from 21 December 2024, by which time the legal
Fifth report of the European Benchmark Exercise – further growth in ABCP and private non-ABCP markets
As part of the market-led initiative of TSI, AFME and EDW, the fifth European Benchmark Exercise (EBE) Report was published today as of 30 June 2023. The aim of the EBE is to increase market transparency for private true sale securitisations in the EU and UK. These include both ABCP and balance sheet-financed transactions. Synthetic