Description
The European Commission has today adopted a package of measures to make the EU securitisation framework simpler and more fit for purpose. The proposed measures seek to facilitate securitisation activity in the EU while continuing to safeguard financial stability. A stronger and simpler securitisation framework can help channel more investments into the real economy – supporting economic growth, innovation and job creation across the EU. This review is the first legislative initiative proposed under the savings and investments union (SIU) strategy.
The existing framework entered into application in 2019 and introduced a set of rules which strengthened investor protection, transparency, and financial stability. Based on the implementation of the framework over the past six years, the Commission has identified that some aspects of the existing rules are hindering market developments.
The targeted regulatory changes proposed today aim to address these shortcomings and ultimately boost the EU securitisation market. By eliminating undue barriers to issuance and investment, financial institutions are expected to engage in more securitisation activity and, importantly, to use the capital relief for additional lending to EU households and businesses.
- Press release
- Frequently asked questions
- Press remarks by Commissioner Albuquerque
- Proposal for amendments to the Securitisation Regulation
- Proposal for amendments to the Capital Requirements Regulation
- Impact assessment accompanying the proposal
- Summary of the impact assessment accompanying the proposal
- Call for feedback on targeted amendments to the Liquidity Coverage Ratio Delegated Regulation
- Watch the recording of the press conference
