Securitisation: Key Changes Proposed By EU Commission

Introduction

The European Commission has published a significant package of legislative proposals (available here) to revise the EU's securitisation framework. The proposals aim to revitalise the EU securitisation market, reduce operational and prudential barriers, and support the broader objectives of the EU's Savings and Investments Union, while maintaining robust safeguards for financial stability and investor protection. The Commission's package proposes amendments to the Securitisation Regulation,¹ the Capital Requirements Regulation,² the Liquidity Coverage Ratio (LCR) Delegated Regulation,³ and the Solvency II Delegated Regulation.⁴

In this briefing we consider the most significant changes suggested by the proposals, with a focus on the Securitisation Regulation.