Our comments on recent proposals for securitisation disclosures from the European Supervisory Authorities
Report on the implementation and functioning of the securitisation regulation
By Burkhard Heppe
Published Tuesday 25 May, 2021
Last week, the joint committee including EBA and ESMA published a report on the implementation of the European securitisation regulation. The report highlights the importance of transparency and data quality under the securitisation disclosure requirements based on ESMA templates.
Read the full report here: ESAs’ report on the implementation and functioning of the securitisation regulation
Whilst standardized disclosure requirements apply to both public and private securitisations, currently private transactions need not deliver their reports via a securitisation repository (SR). The report notes the increase in private securitisation and recommends for the regulation of certain private securitisations to be amended to also include reporting to SR to help ensure high data quality and facilitate supervision.
NPL Markets is helping servicers, sponsors and arrangers to prepare, validate and host ESMA compliant reports for private securitisation transactions including synthetic risk transfer deals, CLO, CMBS and SPV-based warehouse facilities. Non-performing loan securitisations (including GACS and Hercules) have particularly demanding disclosure requirements.
Please reach out to us if you would like to discuss how the securitisation regulation and proposed changes will impact you.
Mandatory data requirements in the new EBA NPL data templates could deter European banks from selling NPLs
Tuesday 9 August, 2022
NPL Markets and International Finance Corporation (IFC) sign a Collaboration Agreement in South America
Friday 29 July, 2022
Training Seminar on "Seeking New Mechanism Addressing an Upsurge of Nonperforming Loans in post-Covid 19 Era"
Tuesday 14 June, 2022