ESMA Issues Notification Templates for STS Synthetic Securitizations
ESMA published the interim simple, transparent, and standardized (STS) notification templates for synthetic securitizations, post the recent amendments to the Securitization Regulation. The interim templates allow originators to notify ESMA about synthetic securitizations that meet the STS criteria. The interim notification templates for STS synthetic securitizations are based on the templates that are already being applied for the traditional STS securitizations.
The amended securitization regulation, which was published in the Official Journal of the European Union on April 06, 2021, extends the STS framework to synthetic securitizations. As with traditional securitizations, only the synthetic securitizations that meet pre-defined STS requirements will be published by ESMA. Until the date of the application of the regulatory technical standards specifying the content and the format of STS notifications for synthetic securitizations, originators can make the necessary information available to ESMA in writing (during the interim period). ESMA has made available, on its website, the interim STS synthetic notification templates that originators can use to ensure consistency across all STS notifications. The interim STS notification templates may be used by originators on a voluntary basis and they may be subject to possible changes following the entry into force of the regulatory technical standards.
Related Links
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, STS Securitization, Synthetic Securitization, Notification Templates, ESMA
Previous Article
UK Authorities Welcome FSB Review of their Remuneration RegimeRelated Articles
EC Regulation Sets Out Standards for Reporting and Disclosure of MREL
EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
APRA Decides to Standardize Submission Date for Quarterly Reporting
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
ECB Working Group Publishes Recommendations on EURIBOR Fallbacks
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
Bundesbank Publishes Supporting Documentation for Reporting by Banks
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
EBA Publishes Phase 1 of Reporting Framework 3.1
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
APRA to Finalize Capital Adequacy Standard Revisions by January 2022
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA Issues Guidelines on Outsourcing to Cloud Service Providers
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA Publishes Data on Deposit Guarantee Schemes
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI Sets Out Plan for Future Guidance on Managing Technology Risk
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance
MAS updated rules for new housing loans by banks and finance companies.
