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.
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Q&A, STS Securitization, Regulation 2017/2402, ESMA
Previous ArticleBCB Consults on Regulation for Implementation of Open Banking System
Next ArticleEBA Publishes Action Plan on Sustainable Finance
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
The Financial Accounting Standards Board (FASB) is seeking comments, until November 03, 2022, on the proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy.
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)