ESMA published a guidance note on the process for registering securitization repositories under the Securitization Regulation. The note includes information related to timing of application, format and submission of application, acknowledgment of receipt of the application, assessment of completeness, requests for additional information, notification of completeness, assessment of compliance, notification of the decision, and registration fees.
The note highlights that if an applicant is already registered under European Market Infrastructure Regulation (EMIR) or Securities Financing Transactions Regulation (SFTR) and intends to also register under the Securitization Regulation, it must apply for an extension of registration. This note does not address issues related to substantive examination of the conditions for registration and does not provide guidance on how to meet the conditions for registration. According to Article 10(1) of the Securitization Regulation, companies need to be registered with ESMA to perform securitization repository activities.
Related Link: Guidance Note (PDF)
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Securitization Repositories, Registration Process, SFTR, ESMA, EMIR
BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.
BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.
APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.
EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.
The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.