News
Financial Institutions Horizons 2024
24 January 2024
If you had told me that we would leave 2023 having lost one of Switzerland’s largest banks, and yet also emerge relatively unscathed (at least by 2008 standards), I would have found...
Publications
News
Bank of England wades in on securitisation capital framework: not all that glitters is gold-plating
13 November 2023
The final implementation of Basel III, published in December 2017 as an updated global framework for capital requirements, is fast approaching. Basel III introduced a number of changes to...
News
Smarter, not harder - a new securitisation framework for the UK
16 August 2023
The UK Securitisation Regulation will be replaced as part of HM Treasury’s proposals for a smarter regulatory framework for the UK, with some requirements devolving to regulators,...
News
Journey’s end - EBA publishes final risk retention RTS
16 August 2023
The European Commission has adopted and published the final draft risk retention regulatory technical standards.
Insights and Analysis
Can't put a price on risk: the impact of Basel III on significant risk transfer securitisations
07 June 2023
There is widespread agreement among issuers, investors and trade bodies that the existing regulatory landscape under Basel III and the associated implementing legislation has been a...
News
EBA publishes final draft RTS on homogeneity of underlying exposures in on-balance-sheet STS securitisations
23 February 2023
On 14 February 2023, the European Banking Authority (the “EBA”) published its final report on draft regulatory technical standards (“Final RTS”) specifying the...
News
Financial Institutions Horizons 2023
15 February 2023
The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset...
News
The securitisation prudential framework is published – neither a silver bullet nor a nail in the coffin
21 December 2022
On 12 December 2022, the European Supervisory Authorities (EBA, EIOPA and ESMA, collectively the “ESAs”) published joint advice to the European Commission on the securitisation...
News
From Basel (III) to Brussels: no direct train service for securitisation capital requirements
11 November 2022
The EU has surged ahead of the UK and the US in implementing the Basel III standards. The EU Banking Package has been reviewed by the Council of the EU and is now expected to be negotiated...
