EC Amends Rule on Securitizations; ESRB Updates Reciprocation Measures
The European Commission published a Delegated Regulation 2022/1301 on the information to be provided in accordance with the simple, transparent, and standardized (STS) notification requirements for on-balance-sheet synthetic securitizations Additionally, the European Systemic Risk Board (ESRB) published the Recommendation ESRB/2022/4 on the reciprocation of macro-prudential measures in Belgium, Germany, France, Lithuania, Luxembourg, the Netherlands, Norway, and Sweden.
Regulation 2022/1301 amends the regulatory technical standards set out in Regulation (EU) 2020/1226 on the information to be provided in accordance with the STS notification requirements for on-balance-sheet synthetic securitizations. Regulation 2022/1301 shall enter into effect on August 15, 2022 (as mentioned in the Official Journal of the European Union). To improve the transparency and consistency of information between interrelated fields and to clarify specific features of certain securitizations, including master trust securitizations, it is necessary to clarify the information to be reported under the columns “Field name” and “Content to be reported” for certain fields in Annexes I, II, and III to Regulation 2020/1226. Therefore, Regulation 2020/1226 has been amended as follows:
- Article 1 on information to be included in the STS notification and Article 2 on additional information relevant to the STS notification have been amended
- Annexes I, II, and III have been amended as set out in Annex I to Regulation 2022/1301
- Annex IV, as set out in Annex II to Regulation 2022/1301, has been added
Recommendation ESRB/2022/4, which amends Recommendation ESRB/2015/2, has been published in the Official Journal of the European Union. Via this recommendation, the General Board of ESRB decided to include:
- a macro-prudential policy measure imposing a systemic risk buffer rate on credit institutions authorized in Germany, in the list of macro-prudential measures that are recommended for reciprocation under Recommendation ESRB/2015/2
- amended text on the reciprocation of certain macro-prudential measures from Belgium, France, Lithuania, Luxembourg, Norway, and Sweden
Related Links
Keywords: Europe, EU, Belgium, Germany, France, Lithuania, Luxembourg, Netherlands, Norway, Sweden, Banking, Regulatory Technical Standards, Securitization Framework, STS Securitization, Regulatory Capital, Systemic Risk, Reciprocity, Macro-Prudential Policy, IRB Approach, Systemic Risk Buffer, Basel, Credit Risk, EC, ESRB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Related Articles
BIS Paper Studies Impact of Fintech Lending on Small Businesses in US
The Bank for International Settlements (BIS) published a paper that studies impact of fintech lending on credit access for small businesses in U.S.
UK Regulators Issue CRR Changes and Stress Test Scenarios for Banks
The Prudential Regulation Authority (PRA) issued the policy statement PS8/22 to amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and update the supervisory statement SS7/13 titled "Definition of capital (CRR firms).
EBA Launches EU-Wide Transparency Exercise in 2022
The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.
SRB on CRR Quick-Fix to Policy for Multiple Point of Entry Banks
The Single Resolution Board (SRB) welcomed the adoption of the review of the Capital Requirements Regulation, or CRR, also known as the "CRR quick-fix."
EC Rule Lists Advanced Economies for Market Risk Capital Calculations
The European Commission (EC) recently adopted the Delegated Regulation 2022/1622, which sets out the regulatory technical standards to specify the countries that constitute advanced economies for the purpose of specifying risk-weights for the sensitivities to equity.
EBA Publishes Final Regulatory Standards on STS Securitizations
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
ECB Further Reviews Costs and Benefits Associated with IReF
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
EBA Publishes Funding Plans Report, Receives EMAS Certification
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
