Firms will need to update their internal procedures and ensure they are ready to comply with the new requirements ahead of 1 November 2024.
HM Treasury (HMT), the Financial Conduct Authority (FCA), and the Prudential...more
Have hybrid facilities evolved from a niche product into a full-fledged market? This article considers the features of subscription facilities, NAV facilities and hybrid facilities and explores why hybrid facilities have...more
The new securitisation framework will combine three sets of overlapping rules, in an effort to repeal and replace retained EU law in the UK.
The missing piece of the puzzle to the UK’s new securitisation framework became...more
8/17/2023
/ AIFM ,
Banking Sector ,
Capital Requirements ,
Consultation ,
EU ,
Financial Conduct Authority (FCA) ,
FSMA ,
OECD ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Risk Retention ,
Securitization ,
Securitization Vehicles ,
Special Purpose Entities ,
Transparency ,
UK
The EBA consultation paper calls for the implementation of a Green Asset Ratio to measure banks’ sustainability performance.
Regulators and sustainability-conscious investors increasingly expect banking institutions in...more
5/5/2021
/ Business Strategies ,
Climate Change ,
Consultation ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Sustainability
English law, courts and arbitral tribunals may become more relevant and popular after Brexit, not less.
Introduction -
English law, courts, and arbitral tribunals may become more relevant and popular after Brexit, not...more
The proposal is part of an effort to aid economic recovery and enhance the capacity of banks to lend to corporates and SMEs.
The European Commission’s proposal to amend the Securitisation Regulation1 and the Capital...more
The EBA’s Final Report on the feasibility of a framework for Simple, Transparent and Standardised (STS) Synthetic Securitisations is a cautious step forward.
Key Points:
..The EBA has made a proposal to extend the STS...more
While lessons learned from previous crises suggest that well-designed structures are resilient under stressed circumstances, the COVID-19 crisis presents new challenges for European ABS.
Governments across the globe...more
Within a fortnight of each other, the STS Notification RTS was published in final form and the homogeneity RTS for STS securitisations will enter into force. This alert highlights how STS securitisations will be...more
Originators, sponsors, and issuers should prepare now for the new securitisation disclosure and reporting rules.
Key Points:
..Disclosure and reporting standards under the EU Securitisation Regulation are finalised but...more
In Europe, the market for loan portfolio sales continues to thrive due to post-financial crisis bank deleveraging and a renewed focus on regulatory capital efficiency and return on capital. This "In Practice" article...more
The new framework should simplify the path for issuers seeking to market European covered bonds to investors in the US.
Key Points:
..The new framework will create minimum product and technical standards for covered...more
4/23/2019
/ Banking Sector ,
Bond Issuers ,
Bonds ,
Covered Bonds ,
Credit Institutions ,
Cross-Border ,
EU ,
European Central Bank ,
International Harmonization ,
Investors ,
Member State ,
Mortgage-Backed Securities ,
Regulatory Standards ,
Special Purpose Vehicles ,
UK Brexit
It may well be the right time to consider using securitisation to unlock value in private equity transactions. The global economy and financial markets continue their robust growth, and the legal framework for securitisation...more
New rules will modify regulatory capital requirements for securitisation positions and unify risk retention practices.
By year end, the European Commission (the EC) is expected to publish two new EU regulations in the...more