ESMA Updates Q&A on Securitization Regulation in May 2020
ESMA updated questions and answers (Q&A) on the Securitization Regulation (EU Regulation 2017/2402). The majority of new Q&A in this document provide clarification on different aspects of the templates contained in the draft technical standards on disclosure, which have been published on EC website. The document clarifies how several fields in the templates should be completed, including questions that are specific to fields in the ABCP template. The document also contains clarifications addressed to securitization repositories.
The Q&A tool is intended to promote common, uniform, and consistent supervisory approaches and practices in the day-to-day application of the Securitization Regulation and to help regulated entities comply with their obligations. ESMA will continue to develop this Q&A on the Securitization Regulation in the coming months and will review and update them where required. For ease of reference, ESMA has provided the date each question was first published as well as the date/s of amendment beside each question. Additional questions on the Securitization Regulation may be submitted to ESMA through the Q&A tool on its website.
Related Links
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Q&A, Disclosures, Basel, ABCP Template, ESMA
Previous Article
CFTC Defers Compliance Date for Initial Margin by One YearRelated Articles
EBA Updates List of Validation Rules for Reporting by Banks
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS Advocates Environmental Risk Analysis for Financial Sector
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS Issues Guidelines to Promote Senior Management Accountability
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB Updates List of Supervised Entities in EU in September 2020
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management
OSFI published the key findings of a study on third-party risk management.
FSB Extends Implementation Timeline for Framework on SFTs
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.
