European Parliament, (2016), “Common rules and new framework for securitisation“, July
In autumn 2015, the European Commission proposed, in the context of the Capital Markets Union initiative, a regulation on securitisation. The proposal followed a consultation with stakeholders and took into account initiatives at global (IOSCO) and European levels (EBA). The Commission’s aim is to restore investor confidence in securitisation transactions and contribute to reviving the real economy through increased financing and targeted risk allocation. The proposal replaces existing rules relating to due diligence, risk retention, transparency and supervision with a uniform regime. It provides a framework to identify simple, transparent and standardised (STS) securitisations and to allow investors to analyse associated risks.
Relevant Posts
- Malherbe, Frederic, (2015), “Optimal capital requirements over the business and financial cycles”, ECB Working Paper Series, No 1830-July 2015, 14 July
- Elias, Aptus, Gersbach, Hans, Volker, Britz, (2016), “On the Economics of Crisis Contracts”, Centre for Economic Policy Research, May