Council And Parliament Publications On Amendments To EU Securitisation Framework

key takeaways

• The Council and the Parliament have published their respective compromise positions and draft rapporteur reports on the Commission's proposals to revise the EU's securitisation framework.
• Extensive changes are proposed to the Commission's text on the EU Securitisation Regulation.
• The Council has aligned closely with the Commission's proposals on the Capital Requirements Regulation with more comprehensive reforms proposed by the Parliament.

Market participants were broadly pleased with the direction of travel in the European Commission's (Commission) June 2025 legislative package to revive the EU securitisation market although it contained some problematic proposals. Some aspects of the Commission's text ran counter to its goal of burden reduction – notably an overly broad definition of 'public' securitisation and securitisation repository reporting for all deals – but generally the focus on removing overly complex, and in some cases