ESMA Updates Lists of STS Securitizations and Supervising Authorities

By Regulatory News

August 05, 2019

Regulatory Reporting: EU

ESMA updated the list of securitizations that have been designated as simple, transparent, and standardized (STS) as of January 01, 2019. Also published was the list of designated competent authorities under the Securitization Regulation. Competent authorities are responsible for supervising the compliance of institutional investors, originators, Securitization Special Purpose Entity (SSPE), original lenders, and third parties with the obligations under the Securitization Regulation.

The Securitization Regulation establishes a general framework for securitization and creates a specific framework for STS securitization. The Regulation confers a number of tasks on ESMA, including to design reporting requirements for a number of features of securitizations, such as details of their underlying exposures, of the securitization instrument structure, and of the performance of the transaction. In addition, securitizations seeking to be considered as STS must fulfill additional criteria and notify ESMA of their fulfillment of these criteria on the basis of notification templates established by ESMA. From January 01, 2019, ESMA must maintain a list of securitizations meeting the STS criteria on its website, in addition to providing the STS notifications. In close cooperation with EBA and EIOPA, ESMA has been also tasked with the responsibility of specifying the general cooperation obligation and information to be exchanged between competent authorities and ESAs.

Related Links

Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Reporting, STS Securitization, Competent Authorities, ESMA

Featured Experts

FCA Reviews Implementation of SM&CR in Banking Sector


News MAS Amends Notice 610 on Reporting Templates for Banks in Singapore MAS published amendments to Notices 610 and 1003 related to submission of statistics and returns, along with the reporting templates and frequently asked questions (FAQs) associated with these Notices. January 24, 2020 WebPage Regulatory News
News HKMA Updates Policy Module on Supervisory Review Process HKMA is issuing, by notice in the Gazette, revised versions of two Supervisory Policy Manual modules as statutory guidelines under section 7(3) of the Banking Ordinance. The Supervisory Policy Manual modules are CA-G-5 on “Supervisory Review Process” and SB-2 on “Leveraged Foreign Exchange Trading.” January 24, 2020 WebPage Regulatory News
News PRA Amends Pillar 2 Capital Framework for Banks PRA published the policy statement PS2/20 that contains the final amendments to the Pillar 2 framework and provides feedback to responses to the consultation paper CP5/19 on updates related to Pillar 2 capital framework. January 23, 2020 WebPage Regulatory News
News BIS Survey Examines Progress of Central Banks Toward Digital Currency BIS published a paper that presents the results of a survey that asked central banks how their plans are developing in the area of central bank digital currency (CBDC). January 23, 2020 WebPage Regulatory News
News FED Proposes to Revise Information Collection Under Market Risk Rule FED proposed to revise and extend, for three years, FR 4201, which is the information collection under the market risk capital rule. January 22, 2020 WebPage Regulatory News
News HKMA Consults on Stay Rules on Financial Contracts Under FIRO HKMA published proposals for making rules related to contractual stays on termination rights in financial contracts for authorized institutions under FIRO or the Financial Institutions (Resolution) Ordinance (Cap. 628). January 22, 2020 WebPage Regulatory News
News MAS Amends Notices on Minimum Liquid Asset Requirements for Banks MAS published amendments to Notices 1015, 613, and 649 related to the minimum liquid assets (MLA) requirements. January 21, 2020 WebPage Regulatory News
News APRA Publishes Submission on Fintech and Regtech APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology. January 21, 2020 WebPage Regulatory News
News OSFI to Implement Operational Risk Capital Rules for Banks in Q1 2022 OSFI decided to move domestic implementation of the revised Basel III operational risk capital requirements from the first quarter of 2021 to the first quarter of 2022. January 20, 2020 WebPage Regulatory News
News ECB Consults on Guideline on Threshold for Credit Obligations Past Due ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions. January 20, 2020 WebPage Regulatory News

RESULTS 1 - 10 OF 4541