ALFI responds to the EC consultation on the functioning of the EU securitisation framework (the “Consultation”)

In order to deliver on the Commission’s commitment in the capital markets union (CMU) action plan and in order to prepare the report mandated by Article 46 of the Securitisation Regulation (the “SECR”), this Consultation on the functioning of the EU securitisation framework seeks stakeholders’ feedback on a broad range of issues. The Commission’s obligation under Article 46 of the SECR is to submit a report on the functioning of the SECR to the European Parliament and to the Council by 1 January 2022.

The  Consultation covers the areas mandated by Article 46 of the SECR, namely:

• the effects of the regulation (Section 1);
• private securitisations (Section 2);
• the need for an equivalence regime in the area of STS securitisations (Section 5);
• disclosure of information on environmental performance and sustainability (Section 6); and
• the need for establishing a system of limited licensed banks performing the functions of SSPEs – securitisation special purpose entities (Section 7)

In addition, the Consultation seeks feedback on a number of additional issues that have been identified and raised by stakeholders and by the Joint Committee of the ESAs as having an impact on the functioning of the securitisation framework.”

Click here to read ALFI’s feedback.