New Securitisation Regulation and its Impact on ABS Markets


The new regulation for the European securitization market entered into force on January 1, 2019. It has changed the market landscape by introducing a specific framework for STS transactions and poses very challenging requirements on data disclosure and transaprency.

In this lecture, we will show you the bumpy road the regulation has been on over the past years and what still lies ahead. We will touch on Article 7 dealing with data reporting and its challenges as well as Article 22 covering some of the STS criteria. We will further discuss the most recent development of the Regulatory Technical Standards (RTS) and some topics concerning capital treatment of STS transactions.