The EU has now published its final proposal
here (the "SecReg Proposal")
for a regulation amending Regulation (EU) 2017/2402
("SecReg"). This memo discusses the most
notable changes from the 2017 version of SecReg, many of which
reflect the 2025 report by the Joint Committee of the European
Supervisory Authorities (for our note on that see
here). However, key provisions relating to risk retention, the
ban on re-securitisations and credit granting standards will remain
unchanged under the SecReg Proposal.
To accompany the SecReg Proposal, a number of concomitant
changes have been proposed to the Capital Requirements Regulation
(the "CRR Proposal"). Notable changes
are discussed below. The link to the CRR Proposal is
here.
