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

Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
EBA Issues Advice on Implementation of Basel III Framework in EURelated Articles
EBA Finalizes Remuneration Standards for Investment Firms in EU
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
ECA Recommends Actions to Enhance Resolution Planning for Banks
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA Proposes Rules on Identity Verification of Depositor Protection
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB Publishes Work Program for 2021
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA Issues Update on Move to New Data Collection Platform
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank Publishes Derivation Rules for Reporting by Banks
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED Revises Capital Planning and Stress Testing Requirements for Banks
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs Publish Reporting Templates for Financial Conglomerates
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.