Securitisation Regulation - Revision history

Doug: Add link.

2024-12-28T10:12:28Z

Add link.

← Older revision		Revision as of 10:12, 28 December 2024
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	* [[Law]]		* [[Law]]
	* [[Originator]]		* [[Originator]]
	* [[~~PCS~~]]		* [[Prime Collateralised Securities]] (PCS)
	* [[Prospectus]]		* [[Prospectus]]
	* [[Prospectus Regulation]]		* [[Prospectus Regulation]]

Doug: Add treasury relevant quote.

2024-12-28T10:10:21Z

Add treasury relevant quote.

← Older revision		Revision as of 10:10, 28 December 2024
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	The Securitisation Regulation also introduced a concept of "simple, transparent and standardised" (or "STS") securitisations that are regulated more lightly than other securitisations.		The Securitisation Regulation also introduced a concept of "simple, transparent and standardised" (or "STS") securitisations that are regulated more lightly than other securitisations.


			:<span style="color:#4B0082">'''''Excessive capital charges for STS'''''</span>

			:"In September 2024, Draghi recommended changes to revitalise EU securitisation and CMU [including]:
			: • a cut in current STS capital charges that exceed corresponding actual risks – a bone of contention shared with PCS, which says the growth of EU securitisation is being held back not by the high standards of the STS (simple, transparent and standardised) regime, but by insufficient capital relief for the STS transactions..."

			:''Mario Draghi, former president of the European Central Bank - quoted in The Treasurer - Issue 4 of 2024, p18.''


	== See also ==		== See also ==
			* [[Capital adequacy]]
			* [[Capital charge]]
			* [[Capital markets union]] (CMU)
			* [[Capital relief]]
	* [[Capital Requirements Regulation]]		* [[Capital Requirements Regulation]]
	* [[CDO]]		* [[CDO]]
	* [[CMBS]]		* [[CMBS]]
	* [[Covered bond]]		* [[Covered bond]]
			* [[European Central Bank]] (ECB)
			* [[European Union]]
	* [[Factoring]]		* [[Factoring]]
	* [[Issuer]]		* [[Issuer]]
	* [[Law]]		* [[Law]]
	* [[Originator]]		* [[Originator]]
			* [[PCS]]
	* [[Prospectus]]		* [[Prospectus]]
	* [[Prospectus Regulation]]		* [[Prospectus Regulation]]
			* [[Regime]]
	* [[Regulation]]		* [[Regulation]]
	* [[Retained EU law]]		* [[Retained EU law]]
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	* [[Sponsor]]		* [[Sponsor]]
	* [[SSPE]]		* [[SSPE]]
			* [[STS]]
	* [[Sukuk]]		* [[Sukuk]]
			* [[Transaction]]
			* [[Transparent]]
	* [[Undertaking for collective investments in transferable securities]]		* [[Undertaking for collective investments in transferable securities]]
	* [[Whole business securitisation]]		* [[Whole business securitisation]]

Doug: Layout.

2023-11-16T11:26:54Z

Layout.

← Older revision		Revision as of 11:26, 16 November 2023
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	* [[CMBS]]		* [[CMBS]]
	* [[Covered bond]]		* [[Covered bond]]
	* [[EU law]]
	* [[Factoring]]		* [[Factoring]]
	* [[Issuer]]		* [[Issuer]]
			* [[Law]]
	* [[Originator]]		* [[Originator]]
	* [[Prospectus]]		* [[Prospectus]]
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	==Other resource==		==Other resource==
	[https://www.treasurers.org/system/files/The_EU_Securitisation_Regulation___do_I_need_to_worry_6040565.pdf The EU Securitisation Regulation – Do I need to worry?]		*[https://www.treasurers.org/system/files/The_EU_Securitisation_Regulation___do_I_need_to_worry_6040565.pdf The EU Securitisation Regulation – Do I need to worry?]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Identify as Retained EU law.

2023-11-16T11:25:01Z

Identify as Retained EU law.

← Older revision		Revision as of 11:25, 16 November 2023
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	''European Union (EU).''		''European Union (EU) - EU law - retained EU law.''

	The EU Securitisation Regulation (EU) 2017/2402 applies generally to securitisations issued on or after 1 January 2019.		The EU Securitisation Regulation (EU) 2017/2402 applies generally to securitisations issued on or after 1 January 2019.
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	* [[CMBS]]		* [[CMBS]]
	* [[Covered bond]]		* [[Covered bond]]
			* [[EU law]]
	* [[Factoring]]		* [[Factoring]]
	* [[Issuer]]		* [[Issuer]]
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	* [[Prospectus Regulation]]		* [[Prospectus Regulation]]
	* [[Regulation]]		* [[Regulation]]
			* [[Retained EU law]]
	* [[Securitisation]]		* [[Securitisation]]
	* [[Securitisation special purpose vehicle]]		* [[Securitisation special purpose vehicle]]
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	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
			[[Category:Financial_products_and_markets]]
	[[Category:Intercompany_funding]]		[[Category:Intercompany_funding]]
	[[Category:Long_term_funding]]		[[Category:Long_term_funding]]
	~~[[Category:Financial_products_and_markets]]~~

imported>Doug Williamson: Add link.

2022-07-06T06:40:07Z

Add link.

← Older revision		Revision as of 06:40, 6 July 2022
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	* [[Prospectus]]		* [[Prospectus]]
	* [[Prospectus Regulation]]		* [[Prospectus Regulation]]
			* [[Regulation]]
	* [[Securitisation]]		* [[Securitisation]]
	* [[Securitisation special purpose vehicle]]		* [[Securitisation special purpose vehicle]]

imported>Doug Williamson: Update link.

2022-04-28T21:38:44Z

Update link.

← Older revision		Revision as of 21:38, 28 April 2022
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	* [[SSPE]]		* [[SSPE]]
	* [[Sukuk]]		* [[Sukuk]]
	* [[~~UCITS~~]]		* [[Undertaking for collective investments in transferable securities]]
	* [[Whole business securitisation]]		* [[Whole business securitisation]]


	==Other ~~links~~==		==Other resource==
	[https://www.treasurers.org/system/files/The_EU_Securitisation_Regulation___do_I_need_to_worry_6040565.pdf The EU Securitisation Regulation – Do I need to worry?]		[https://www.treasurers.org/system/files/The_EU_Securitisation_Regulation___do_I_need_to_worry_6040565.pdf The EU Securitisation Regulation – Do I need to worry?]

imported>Doug Williamson: Expand definition. Source: linked pages.

2019-08-28T07:45:19Z

Expand definition. Source: linked pages.

← Older revision		Revision as of 07:45, 28 August 2019
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	It replaced them with a harmonised securitisation regime applicable to all institutional investors including UCITS and pension funds.		It replaced them with a harmonised securitisation regime applicable to all institutional investors including UCITS and pension funds.


			Treasurers need to sharpen focus on identifying securitisation activities and implementing robust process to ensure compliance with both the Securitisation Regulation and the related Prospectus Regulation.

imported>Doug Williamson: Make past tense.

2019-08-28T07:43:23Z

Make past tense.

← Older revision		Revision as of 07:43, 28 August 2019
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	The Securitisation Regulation legislative package introduced severe penalties (including fines of up to 10% of annual net turnover on a consolidated basis) for non-compliance applied to issuers, original lenders, originators and sponsors.		The Securitisation Regulation legislative package introduced severe penalties (including fines of up to 10% of annual net turnover on a consolidated basis) for non-compliance applied to issuers, original lenders, originators and sponsors.

	It ~~repeals~~ the main securitisation provisions in ~~existing~~ separate legislation for banks (the Capital Requirements Regulation, or "CRR"), insurers (Solvency II) and fund managers (the Alternative Investment Fund Managers Directive (AIFMD)		It repealed the main securitisation provisions in the formerly separate legislation for banks (the Capital Requirements Regulation, or "CRR"), insurers (Solvency II) and fund managers (the Alternative Investment Fund Managers Directive (AIFMD)
	regime).		regime).

imported>Doug Williamson: Make past tense.

2019-08-28T07:38:26Z

Make past tense.

← Older revision		Revision as of 07:38, 28 August 2019
Line 4:		Line 4:


	The Securitisation Regulation legislative package ~~introduces~~ severe penalties (including fines of up to 10% of annual net turnover on a		The Securitisation Regulation legislative package introduced severe penalties (including fines of up to 10% of annual net turnover on a consolidated basis) for non-compliance applied to issuers, original lenders, originators and sponsors.
	consolidated basis) for non-compliance applied to issuers, original lenders, originators and sponsors.

	It repeals the main securitisation provisions in existing separate legislation for banks (the Capital Requirements		It repeals the main securitisation provisions in existing separate legislation for banks (the Capital Requirements Regulation, or "CRR"), insurers (Solvency II) and fund managers (the Alternative Investment Fund Managers Directive (AIFMD)
	Regulation, or "CRR"), insurers (Solvency II) and fund managers (the Alternative Investment Fund Managers Directive (AIFMD)		regime).
	regime)~~. It replaces them with a harmonised securitisation regime applicable to all institutional investors including UCITS and pension funds~~.

	It also ~~introduces~~ a concept of "simple, transparent and standardised" (or "STS") securitisations that are regulated more lightly than other securitisations.		It replaced them with a harmonised securitisation regime applicable to all institutional investors including UCITS and pension funds.


			The Securitisation Regulation also introduced a concept of "simple, transparent and standardised" (or "STS") securitisations that are regulated more lightly than other securitisations.

imported>Doug Williamson: Add links.

2019-08-28T07:34:31Z

Add links.

← Older revision		Revision as of 07:34, 28 August 2019
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	* [[Issuer]]		* [[Issuer]]
	* [[Originator]]		* [[Originator]]
			* [[Prospectus]]
			* [[Prospectus Regulation]]
	* [[Securitisation]]		* [[Securitisation]]
	* [[Securitisation special purpose vehicle]]		* [[Securitisation special purpose vehicle]]