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Consultation Paper on Guidelines on STS criteria for ABCP securitisation.pdf
EBA consults on its guidelines interpreting the STS criteria in securitisation
The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines, which will provide a harmonised interpretation of the criteria for the securitisation to be eligible as simple, transparent and standardised (STS). The EBA Guidelines will play a crucial role in the new EU securitisation framework, by providing a single point of consistent interpretation of the STS criteria to originators, sponsors, investors and competent authorities throughout the Union. The consultation runs until 20 July 2018.
BSG response to EBA DP on the EU implementation of MKR and CCR revised standards (EBA DP 2017 04)_15 Mar 2018.pdf
BSG response to EBA DP on the EU implementation of MKR and CCR revised standards (EBA DP 2017 04)_15 Mar 2018
BSG Response to EBA Discussion Paper 2017 03 Significant_Risk_Transfer in Securitisations_19 December 2017.pdf
BSG Response to EBA Discussion Paper 2017 03 Significant_Risk_Transfer in Securitisations_19 December 2017
Consultation on RTS on risk retention
Consultation on the draft RTS on homogeneity of underlying exposures in securitisation
Discussion Paper On the Significant Risk Transfer in Securitisation
Discussion on the Significant Risk Transfer in Securitisation
EBA consults on draft Technical Standards on risk retention for securitisation transactions
The European Banking Authority (EBA) launched today a public consultation on its draft Regulatory Technical Standards (RTS) specifying the requirements for originators, sponsors and original lenders related to risk retention as laid down in the new EU securitisation framework (STS Regulation). The RTS aim to provide clarity on the requirements relating to risk retention, thus reducing the risk of moral hazard and aligning interests. The consultation runs until 15 March 2018.
EBA consults on the homogeneity of underlying exposures in securitisation
The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) specifying a set of criteria for the underlying exposures in securitisation to be deemed homogeneous, as part of the requirements under the new EU securitisation framework. The homogeneity requirement aims to facilitate the assessment of underlying risks by investors and to enable them to perform robust due diligence. Its application is, therefore, one of prerequisites for a more risk sensitive regulatory treatment of the securitisation. The RTS are applicable to both asset-backed commercial paper (ABCP) and non-ABCP securitisations. The consultation runs until 15 March 2018.
Consultation Paper on RTS on risk retention (EBA-CP-2017-22).pdf
Consultation Paper on RTS on risk retention (EBA-CP-2017-22)
Consultation Paper on RTS on homogeneity of underlying exposures in securitisation (EBA-CP-2017-21).pdf
Consultation Paper on RTS on homogeneity of underlying exposures in securitisation (EBA-CP-2017-21)
Discussion Paper on the Significant Risk Transfer in Securitisation (EBA-DP-2017-03).pdf
Discussion Paper on the Significant Risk Transfer in Securitisation (EBA-DP-2017-03)
EBA launches consultation on significant risk transfer in securitisation
The European Banking Authority (EBA) launched today a public consultation on its discussion paper on significant risk transfer in securitisation. This work builds on the EBA’s monitoring activity of supervisory practices in the area of significant risk transfer, which the Authority started in 2014 with the publication of the EBA Guidelines on this topic. The discussion paper aims at seeking stakeholders’ views on how to further harmonise the regulation and supervision of the risk transfer through securitisation. The EBA’s proposals are based on the newly agreed European securitisation legislation. The consultation runs until 19 December 2017.
EBA Op 2017 05 on the partial waiver of German BaFin.pdf
EBA Op 2017 05 on the partial waiver of German BaFin
EBA Op 2017 06 on the partial waiver of the Polish FSA.pdf
EBA finds Polish waiver on covered bonds justified
The European Banking Authority (EBA) published today an Opinion addressed to the Polish Financial Supervision Authority (FSA) following the Competent Authority’s notification of its intention to introduce a partial waiver of Article 129 (1)(c) of the Capital Requirements Regulation (CRR), which specifies the conditions for the eligibility of covered bonds in relation to risk weight preferential treatment. Given the significant potential concentration problem in Poland, the EBA is of the opinion that the application of a partial waiver is adequately justified.
Regulatory Technical Standards on securitisation retention rules and Draft Implementing Technical Standards to clarify the measures to be taken in the case of non-compliance with such obligations
Both the RTS and the ITS aim at re-establishing securitisation on a sustainable basis mainly by encouraging market participants to develop a more transparent and uniform securitisation market and by enabling more convergence of supervisory practices across Europe with regards to the securitisation retention rules and related requirements.
EBA Report on Covered Bonds (EBA-Op-2016-23).pdf
EBA Report on Covered Bonds (EBA-Op-2016-23)