The new EU Securitisation Regulation will apply from 1 January
2019. It will significantly reform the EU securitisation market,
and will introduce a framework for "simple, transparent
and standardised" (STS) securitisations.
This briefing sets out what you need to know about the new STS
securitisation framework. We are publishing a separate briefing
that focuses on the general reforms that the new Securitisation
Regulation will introduce.
BACKGROUND
Almost two years after the European Commission published its
proposals to reform the EU securitisation market, and following
lengthy negotiations, provisional agreement was finally reached
between the Commission, the EU Council and the European Parliament
on 30 May 2017 on the proposed new Securitisation Regulation, and
related amendments to the Capital Requirements Regulation. For more
information, read our briefing: Securitisation Reform: Agreement reached.
