Featured Product

    ESMA Issues Standards and Guidance Under Securitization Regulation

    November 13, 2018

    ESMA issued a set of items that aim to implement the new European regulatory framework for securitizations and to help promote simple, transparent, and standardized (STS) securitizations. ESMA has prepared these items with due regard for its mandates of investor protection, orderly markets, and financial stability. ESMA submitted the final report and final technical advice to EC for endorsement. These regulatory and implementing standards and technical advice will contribute to delivering a regulatory rulebook for European securitization markets.

    These items include the following:

    • Final report on draft regulatory and implementing standards on the information and templates to be provided as part of an application by a firm to register as a securitization repository with ESMA as well as on the operational standards and access conditions for information collected and maintained by securitization repositories
    • Final Technical Advice of ESMA to EC on fees to be charged by ESMA for registering and supervising securitization repositories
    • Further guidance to market participants on ESMA’s arrangements for being notified of a securitization’s STS status. This guidance consists of a set of reporting instructions and an interim STS notification template, pending the development of ESMA’s STS Register in the coming months. The instructions and template file can be found on ESMA’s securitization policy activities webpage.
    • Statement addressing various topics related to the near-term implementation activities under the Securitization Regulation. This statement aims to provide additional information to facilitate market participants’ understanding around ESMA’s deliverables, given that the Securitization Regulation begins to apply on January 01, 2019.

     

    Related Links

    Keywords: Europe, EU, Banking, Securities, Securitization Regulation, STS, Regulatory and Implementing Standards, Technical Advice, Reporting, Template, Instructions, EC, ESMA

    Featured Experts
    Related Articles
    News

    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.

    September 10, 2020 WebPage Regulatory News
    News

    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).

    September 10, 2020 WebPage Regulatory News
    News

    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.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    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.

    September 09, 2020 WebPage Regulatory News
    News

    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.

    September 09, 2020 WebPage Regulatory News
    News

    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.

    September 09, 2020 WebPage Regulatory News
    News

    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.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    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.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796