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ESAs propose ESG disclosures for STS securitisations
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today jointly submitted to the European Commission Draft Regulatory Technical Standards (RTS) on the ESG impact disclosure for Simple, Transparent and Standardised (STS) securitisations under the Securitisation Regulation (SECR). These final draft RTS aim to help market participants make informed decisions about the sustainability impact of their investments.
JC 2023 13 - Final report on ESG disclosure for STS securitisations.pdf
Joint Committee RTS on ESG disclosure for STS securitisation
Draft RTS on the calculation of the exposure value of SES.pdf
Draft RTS on the determination by originator institutions of the exposure value of SES in securitisations
EBA publishes final draft technical standards on the determination of the exposure value of synthetic excess spread in synthetic securitisations
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the determination by originator institutions of the exposure value of synthetic excess spread (SES). These draft RTS clarify the calculation of the components that should be included in this exposure value taking into account the relevant losses expected to be covered by SES.
EBA consults on the draft Guidelines on the STS criteria for on-balance-sheet securitisations
The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on the criteria related to simplicity, standardisation and transparency and additional specific criteria for on-balance-sheet securitisations (so-called STS criteria). These Guidelines will ensure a harmonised interpretation of these STS criteria, in alignment with the EBA Guidelines for traditional securitisations. The consultation runs until 7 July 2023.
CP on draft Guidelines on the STS criteria for on-balance-sheet securitisations.pdf
Consultation paper on draft Guidelines on the STS criteria for on-balance-sheet securitisations
Guidelines on the STS criteria for on-balance-sheet securitisations
ESAs_ECB Joint Statement on disclosures for securitisations.pdf
Joint ESAs-ECB Statement on disclosure on climate change for structured finance products
ECB and the ESAs call for enhanced climate-related disclosure for structured finance products
The European Supervisory Authorities[1] (ESAs), together with the European Central Bank (ECB), today published a Joint Statement on climate-related disclosure for structured finance products. The Statement encourages the development of disclosure standards for securitised assets through harmonised climate-related data requirements.
EBA publishes final draft technical standards defining the homogeneity of the underlying exposures in STS securitisation
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) setting out the conditions for the assessment of the homogeneity of the underlying exposures in a pool of a Simple Transparent and Standardised (STS) on-balance-sheet securitisation. Homogeneity is one of the key simplicity requirements enabling originators and investors to properly assess the underlying risks while facilitating investors due diligence.
Final draft Regulatory Technical Standards on the homogeneity of the underlying exposures in STS securitisation.pdf
Final draft Regulatory Technical Standards on the homogeneity of the underlying exposures in STS securitisation
JC 2022 66 - JC Advice on the review of the securitisation prudential framework - Banking.pdf
Joint Committee Advice on the review of the securitisation prudential framework (banking)
JC 2022 67 - JC Advice on the review of the securitisation prudential framework - Insurance.pdf
Joint Committee Advice on the review of the securitisation prudential framework (insurance)
JC 2022 65 - JC Advice on the review of the securitisation prudential framework - Executive summary.pdf
Joint Committee advice on the review of the securitisation prudential framework (executive summary)
ESAs publish joint advice to the EU Commission on the review of the securitisation prudential framework
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published a joint advice in response to the European Commission’s October 2021 call for advice on the review of the securitisation prudential framework. The ESAs welcome the current review as an opportunity to assess the performance of the current framework and support the objective of reviving the EU securitisation market. The targeted proposals in the advice aim at improving the consistency and risk sensitivity of the capital framework for banks whereas the liquidity framework for banks and the prudential framework for (re)insurers should be maintained as it currently stands. However, the ESAs believe that re-calibrating the securitisation prudential framework would not be a solution that in itself would ensure the revival of the securitisation market.
Consultation paper on draft RTS on the homogeneity of the underlying exposures in STS securitisation
Consultation on draft RTS on the determination by originator institutions of the exposure value of SES in securitisations
EBA publishes final draft technical standards on the performance-related triggers for non-sequential amortisation systems in STS on-balance-sheet securitisations
The European Banking Authority (EBA) today published its final draft Regulatory Technical Standards (RTS) specifying the minimum performance-related triggers for simple, transparent and standardised (STS) on-balance-sheet securitisations that feature non-sequential amortisation. The Capital Markets Recovery Package amended the Securitisation Regulation in several aspects, including creating a specific framework for STS on-balance-sheet securitisation to ensure that the Union securitisation framework provides for an additional tool to foster economic recovery in the aftermath of the COVID-19 crisis.
Final draft RTS on performance-related triggers in STS OBS securitisations.pdf
Final draft RTS on performance-related triggers in STS on-balance-sheet securitisations