EBA publishes final draft technical standards defining the homogeneity of the underlying exposures in STS securitisation

14 February 2023

Metadata
Provider: 
EBAEBA
URL: 
https://www.eba.europa.eu/eba-publishes-final-draft-technical-standards-defining-homogeneity-underlying-exposures-stshttps://www.eba.europa.eu/eba-publishes-final-draft-technical-standards-defining-homogeneity-underlying-exposures-sts
Retrieved on: 
Monday, February 20, 2023
Information
Tags: 
European Banking Authority, RTS, EIOPA, STS, ESMA, Regulation, ABCP, EBA, European, Cryptocurrency, EU
Summary
Key Points: 
  • 14 February 2023
    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) setting out the conditions for the assessment of the homogeneity of the underlying exposures in a pool of a Simple Transparent and Standardised (STS) on-balance-sheet securitisation.
  • Homogeneity is one of the key simplicity requirements enabling originators and investors to properly assess the underlying risks while facilitating investors due diligence.
  • The EBA has extended the existing work on the RTS on homogeneity for both asset-backed commercial paper (ABCP) and non-ABCP securitisation in order to ensure consistency for on-balance-sheet securitisation to the overall STS framework.
  • Therefore, these draft RTS are amending the Delegated Commission Regulation (EU) 2019/1851 by extending the scope to on-balance-sheet securitisations considering the specificities of these securitisations.
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