ESMA Updates Q&A on Securitization Regulation in November 2019
ESMA updated questions and answers (Q&A) on the Securitization Regulation (Regulation 2017/2402). This version of the Q&A document includes a summary table giving an easy overview of the Q&A list. The new Q&A relate to, among others, the securitization repositories, simple, transparent, and standardized (STS) notifications, disclosure requirements and templates, underlying exposures to real estate and corporates, investor reports, and inside information or significant event information.
The majority of Q&A in this document provide clarification on different aspects of the templates contained in the draft technical standards on disclosure, which the EC recently published. The sets of Q&A clarify how certain fields in the templates should be completed. The order of certain answers in the document was slightly adjusted compared to the previous version, in an effort to group Q&A treating similar topics. To ensure traceability, the overview table lists the number of each Q&A in the previous version where it is different from the new version. The purpose of this Q&A document is to promote common, uniform, and consistent supervisory approaches and practices in the day-to-day application of the Securitization Regulation and help regulated entities comply with their obligations.
Related Links
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Q&A, STS Securitization, Regulation 2017/2402, ESMA
Previous Article
IMF Issues Report on Assessment of Observance of ICPs for IndonesiaRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
