ESMA Updates Lists of STS Securitizations and Supervising Authorities
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
- List of Securitizations Designated as STS (XLSX)
- List of Designated Competent Authorities (PDF)
- Overview of Securitization Regulation
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Reporting, STS Securitization, Competent Authorities, ESMA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Previous Article
APRA Releases Initial Plan for Implementing New Reporting SolutionRelated Articles
BIS Report Notes Existing Gaps in Climate Risk Data at Central Banks
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
EBA Publishes Multiple Regulatory Updates for Regulated Entities
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
APRA Consults on Prudential Standard for Operational Risk
The Australian Prudential Regulation Authority (APRA) is seeking comments, until October 21, 2022, on the introduction of CPS 230, which is the new cross-industry prudential standard on operational risk management.
EC Amends Rule on Securitizations; ESRB Updates Reciprocation Measures
The European Commission published a Delegated Regulation 2022/1301 on the information to be provided in accordance with the simple, transparent, and standardized (STS) notification requirements for on-balance-sheet synthetic securitizations.
APRA Announces Revisions to Capital Framework for Banks
The Australian Prudential Regulation Authority (APRA) is announced revisions to the capital framework for authorized deposit-taking institutions to implement the "unquestionably strong" capital ratios and the Basel III reforms.
EBA Examines Remuneration Data and Use of Large Exposure Exemptions
The European Banking Authority (EBA) published a report that examines the use of certain exemptions included in the large exposures regime under the Capital Requirements Regulation (CRR).
UK Authorities Publish Discussion Paper on Critical Third Parties
The Bank of England (BoE), the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) published a joint discussion paper that sets out potential measures to oversee and strengthen the resilience of services provided by critical third parties to the financial sector in UK.
BoE Issues Update on Ongoing Data Transformation Program
The Bank of England (BoE) issued a communication to firms to provide an update on the progress of the joint data transformation program—which is being led by BoE, the Financial Conduct Authority (FCA), and the industry—for the financial sector in UK.
EBA Issues Draft Methodology and Templates for 2023 Stress Tests
The European Banking Authority (EBA) published the draft methodology, templates, and template guidance for the European Union-wide stress test in 2023.
EBA Issues SREP Guidelines and Standards for Investment Firms
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly published the final guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) for investment firms.
