Aggregated News From Investment Management Regulators

STS Securitisations Regulation

Report/Flag

Please complete the required fields.



The STS Securitisations Regulation (STS-R), one of the cornerstones of the Capital Markets Union, establishes a general framework for securitisations and a framework for simple, transparent and standardised (‘STS’) securitisations.

Securitisations are cash-flow transactions, whereby the credit risk associated with an exposure or a pool of exposures is broken down into tranches. These credit exposures are thereby able to be made tradeable. According to market data in the Association for Financial Markets in Europe’s (AFME) Securitisation Data Report – Q2 2020, as at year-end 2019 European securitisations boasted an outstanding volume of EUR 1,155 bn. A substantial part (55%) of this volume is in securitisations of mortgage loans. Due to the effects of the Covid-19 pandemic, the volume of issuances of European securitisations was substantially lower during the second quarter of 2020 at EUR 49.2 bn, one of the lowest amounts since the Global Financial Crisis of 2008/2009. There is a certain degree of uncertainty attached to the market data on European securitisations, not least due to the high number of private transactions, however as a result of the transparency requirements in the STS-R, in the future there will be an improved and harmonised reporting system and consequently more easily comparable market data available.

On 23 September 2020 a total of 7 implementing regulations supplementing the STS-R enter into force. The technical standards about transparency requirements laid down in the STS-R will permit the registration of securitisation repositories under the supervision of ESMA. Until a first securitisation repository has authorised, the relevant information about the respective securitisation must continue to be published via appropriate websites. Notifications from the reporting date of 23 September 2020 must be made in XML format using the new templates. The technical standards constitute a significant step towards the standardisation of transparency requirements, and thereby contribute towards a more efficient securitisation market.

The following 7 implementing regulations in relation to the STS Regulation enter into force on 23 September:

Technical Standards on Disclosure Obligations under the STS Regulation:

Technical Standards on STS Notification under the STS Regulation:

Technical Standards regarding Trade Repositories under the STS Regulation:

Source link

Regulator Information

Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria

Recent Articles

Directive for the beneficial ownership register of express trusts and similar legal arrangements

See the Press Release published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [email protected] (Link to external page. Opens in new window.) This provider...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com This provider is not authorised to carry...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money...

Chair Powell will host town hall with educators August 2, 2021 at 4 p.m. EDT

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Get the latest from Regulatory.News in your inbox!

×