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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)
EBA recommends a harmonised EU-wide framework for covered bonds
The European Banking Authority (EBA) published today a Report including recommendations on how to harmonise covered bond framework in the EU. This Report represents an unparalleled attempt to further strengthen the covered bonds across the EU and seeks to ensure that only those financial instruments that comply with the harmonised structural, credit risk and prudential standards can be branded as ‘covered bonds’ and have access to special regulatory and capital treatment as provided in the current EU financial regulation.
Guidelines on implicit support for securitisation transactions (EBA-GL-2016-08)_EN.pdf
Guidelines on implicit support for securitisation transactions
Final report on Guidelines on implicit support for securitisation transactions (EBA-GL-2016-08).pdf
Final report on Guidelines on implicit support for securitisation transactions (EBA-GL-2016-08)
EBA publishes final Guidelines on implicit support for securitisation transactions
The European Banking Authority (EBA) published today its final Guidelines on implicit support for securitisation transactions. The objective of these Guidelines is to clarify what constitutes arm’s length conditions and to specify when a transaction is not structured to provide support for securitisations. The Guidelines will contribute towards the successful implementation of the Commission’s securitisation package under the Capital Markets Union reform, giving clarity on the matter to credit institutions.
BSG response to Consultation Paper (EBA-CP-2016-01)- 20 April 2016.docx
BSG response to Consultation Paper (EBA-CP-2016-01)- 20 April 2016