ESMA updated the questions and answers (Q&A) document on Securitization Regulation. The updated Q&A document clarifies different aspects of the templates contained in the draft technical standards on disclosure requirements, including clarifications on how certain fields in the templates should be completed. This version of the Q&A document contains an additional section on the draft technical standards on notifications to ESMA of securitizations that meet the Simple, Transparent, and Standardized (STS) criteria.
The Q&A document is intended to promote common, uniform, and consistent supervisory approaches and practices in the day-to-day application of Securitization Regulation (Regulation 2017/2402) and to help regulated entities comply with their obligations. ESMA has provided the Q&A in advance of several delegated acts being adopted by EC, with a view to providing guidance to market participants seeking further context that may be helpful for their future expectations of how to comply with these technical standards. Market participants should be aware that the Q&A are subject to change if the delegated acts adopted by EC contain changes relative to the draft technical standards submitted by ESMA to EC.
Keywords: Europe, EU, Securities, Securitization Regulation, Q&A, STS Securitization, Disclosures, ESMA
Previous ArticleESMA Registers Inbonis SA as Credit Rating Agency
Next ArticleIAIS Publishes Newsletter for May 2019
BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.
APRA finalized the reporting standard ARS 115.0 on capital adequacy with respect to the standardized measurement approach to operational risk for authorized deposit-taking institutions in Australia.
ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.
MAS and The Association of Banks in Singapore (ABS) jointly issued a paper that sets out good practices for the management of operational and other risks stemming from new work arrangements adopted by financial institutions amid the COVID-19 pandemic.
ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.
BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.
EIOPA has launched a European-wide comparative study on non-life underwriting risk in internal models, also kicking-off of the data collection phase.
SRB published an overview of the resolution tools available in the Banking Union and their impact on a bank’s ability to maintain continuity of access to financial market infrastructure services in resolution.
EBA is consulting on the implementing technical standards for Pillar 3 disclosures on environmental, social, and governance (ESG) risks, as set out in requirements under Article 449a of the Capital Requirements Regulation (CRR).
ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting