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ARTICLE · 29 MARCH 2021

Risk Retention In EU And UK Securitisations

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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Hogan Lovells Cadwalader

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Cadwalader partner Nick Shiren and special counsel Alex Collins cover Risk Retention in EU and UK securitisations in a recent practice note for LexisNexis

European UnionFinance and Banking
Alexander Collins
Alexander Collins
Nick Shiren
Nick Shiren
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Produced for LexisPSL Banking & Finance and in partnership with Alexander Collins and Nick Shiren of Cadwalader, Wickersham & Taft LLP

This Practice Note describes the position as at January 2021

What is risk retention?

Risk retention in the EU and the UK

The risk retention requirement currently applicable in the EU and the UK consists of obligations on:

  • an EU or UK (as applicable) institutional investor to ensure that the originator, sponsor or original lender of a securitisation retains at least 5% of the net economic interest of any securitisation in which it invests, and
  • one of the originator, sponsor or original lender to retain a net economic interest of at least 5%

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