As of January 2019, a general EU framework for securitisation
was established by means of the enactment of Regulation (EU)
2017/2402 (the “Securitisation Regulation”) together
with a number of updates to Regulation (EU) 575/2013 (the
“CRR” ), aimed at promoting a safe, deep and robust
market for securitisation in order to attract an extensive and
stable investor base to help channel sufficient capital to where it
is most needed in the economy.
The European Commission's summer 2020 economic forecast
had pointed to a very deep recession as economic activity collapsed
in the first half of 2020. This is why the immediate emergency
measures should be complemented by targeted measures of more
medium-term effect that can support a speedy economic recovery. On
the 24 July 2020, new legislative amendments to the Securitisation
Regulation and to the CRR were proposed to this end.
