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Securitisation and capital requirements [EU Legislation in Progress]

Written by Andrej Stuchlik (2nd edition)

Securitisation and capital requirements

© lculig / Fotolia

As part of its ambition to create a Capital Markets Union, the European Commission wants to revive the securitisation market in the EU, in order to offer new financing tools and ease credit provision, especially for small and medium-sized enterprises. Its ‘securitisation initiative’, set out in a proposed regulation on 30 September 2015, would establish a new framework for ‘simple, transparent, and standardised’ (STS) securitisations. This new initiative also has implications for the overall prudential framework for credit institutions and investment firms, therefore the Commission proposed to amend the Capital Requirements Regulation (EU) No 575/2013 accordingly. The proposed amendments would adjust risk retention profiles to reflect properly the specific features of STS securitisations. The most significant changes are: a new hierarchy of risk calculation methods and lower capital requirements for STS. The Council agreed on a general approach on both dossiers in early December 2015. The draft report was presented in Parliament’s ECON Committee on 6 June 2016.

Versions

 

Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 575/2013 on prudential requirements for credit institutions and investment firms
Committee responsible:

Rapporteur:

Economic and Monetary Affairs (ECON)

Pablo Zalba Bidegain (PPE)

COM(2015)473 of 30.09.2015

procedure ref.:2015/0225(COD)

Ordinary legislative procedure

Next steps expected: Discussion of amendments and vote in
Committee

Stage: Draft report

Discussion

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  1. Pingback: Securitisation and capital requirements [EU Legislation in Progress] | Vatcompany.net - February 1, 2016

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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