Summary
This regulation adjusts the EU securitisation framework to support economic recovery after COVID-19, specifically targeting non-performing exposures and promoting transparent securitisations. 9 26.04.2021
Other
economy
finance
european union
Key points
- The regulation aims to support economic recovery by adjusting the securitisation framework used by financial institutions.
- A new treatment for non-performing exposure (NPE) securitisations is introduced to address disproportionate capital requirements.
- A specific framework is established for simple, transparent, and standardised (STS) on-balance sheet securitisations to expand lending capacity.
- The regulation aligns the requirements for unfunded credit protection with the international Basel III framework.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards adjustments to the securitisation framework to support the economic recovery in response to the COVID-19 pandemic
Amending Regulation (EU) No 575/2013 as regards adjustments to the securitisation framework to support the economic recovery in response to the COVID-19 crisis ***I
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