European Union:
Cautious Dawn For Europe's New STS Securitisation Regime
03 June 2019
Maples Group
To print this article, all you need is to be registered or login on Mondaq.com.
With the intention of promoting greater issuance and encouraging
investment in a more robust market for asset backed securities,
Europe's new regime of simple, transparent and standardised
("STS") securitisations has had a tentative start since
the European Union's regulations were ushered in at the
beginning of this year.
Uncertainty on a number of fronts, in particular regarding
certain technical aspects of complying with the new criteria has to
some extent compounded the difficulties in meeting the complex and
onerous certification and reporting requirements required to gain
the STS seal of approval. The more beneficial capital treatment for
banks, funds and other investors such as insurance companies, some
of whom are currently priced out of the securitisation sector in
Europe, should improve pricing levels and funding costs. However,
meeting the complex criteria required for STS qualification is
burdensome.
Download documents
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from European Union
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
AIFMD II: Main Amendments
Kromann Reumert
The directive amending the Alternative Investment Fund Managers Directive ("AIFMD II") has been adopted and will enter into force on 15 April 2024 with a transposition deadline two years later...
To The Point: Financial Regulation | 03/2024
Schoenherr Attorneys at Law
Welcome to our to the point newsletter. Every month, we are looking back at the most relevant developments in the area of financial regulation in the CEE region.