Thursday October 1 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: European Union
Link: http://ec.europa.eu/finance/securities/securitisation/index_en.htm
The European Commission securitisation initiative was adopted on 30th September 2015 and is a package of two legislative proposals:
A Securitisation Regulation that will apply to all securitisations and include due diligence, risk retention and transparency rules together with the criteria for Simple, Transparent and Standardised (“STS”) Securitisations;
A proposal to amend the Capital Requirements Regulation to make the capital treatment of securitisations for banks and investment firms more risk-sensitive and able to reflect properly the specific features of STS securitisations. As the prudential treatment of securitisations for insurers is laid down in level 2 texts, future adjustments will come at a later moment. The same applies to banks and investment firms as regards the prudential treatment for liquidity purposes which is included in a Delegated Act that will be amended at a later stage.
Click on the link above for further details.