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ARTICLE · 22 FEBRUARY 2018

The European Securitisation Regulation: The Countdown Has Begun. . .

Jones Day
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Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation ...

European UnionFinance and Banking
Ulf Kreppel
Ulf Kreppel
Andrés Lorrio
Andrés Lorrio
Michelle Taylor
Michelle Taylor
Vinicio Trombetti
Vinicio Trombetti
Christine Van Gallebaert
Christine Van Gallebaert
Nick Wittek
Nick Wittek
Author LinkedIn connections

Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation ("Securitsation Regulation") came into force on 18 January 2018. It promotes two purposes: first, the harmonisation and consolidation of certain key elements in the European securitisation market across the financial industries and, second, the creation of a specific legal framework for simple, transparent and standardised ("STS") securitisations. The concept of STS securiti- sations has been introduced following the strong request of market participants for a recalibrated risk-weighting regime that distinguishes between "normal" securitisations and securitisations that meet certain quality standards. The Securitisation Regulation will apply to credit institutions, insurance companies and pension funds as well as alternative investment fund managers from 1 January 2019 onwards.

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