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The European Banking Authority (EBA) published today its final Guidelines, which will provide a harmonised interpretation of the criteria for the securitisation to be eligible as simple, transparent and standardised (STS) on a cross-sectoral basis throughout the Union. These Guidelines will play a crucial role in the new EU securitisation framework that becomes applicable on 1 January 2019, by providing a single point of consistent interpretation of the STS criteria for all entities involved in the STS securitisation including originators, sponsors, investors, competent authorities and third party STS verifiers.

The Board of Supervisors of the European Banking Authority (EBA) has launched today an open selection procedure for the appointment of a new Chairperson following the appointment of the EBA’s current Chairperson, Andrea Enria, to be the Chair of the Supervisory Board of the Single Supervisory Mechanism from 1 January 2019.