Legislation Comment: The EU’s Attempt for a High-Quality Securitisation Market: A Success Story?

Q2 Social Sciences
K. Byttebier, Jolien De Troyer
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引用次数: 0

Abstract

This Comment discusses the new regulatory framework for securitisation operations in the European Union. In 2017, the EU adopted two Regulations to support the securitisation market: Regulation 2017/2402, also known as the ‘Securitisation Regulation’, and Regulation 2017/2401, also known as the ‘Securitisation Prudential Regulation’. These regulations introduced the so-called ‘STS-requirements’, being requirements for simple, transparent, and standardised securitisations that are considered of high quality in the securitisation market. The aim of this article is to assess whether the EU’s attempt for establishing a high-quality securitisation market has been successful and to identify which problems remain after said attempts for installing a more flexible regulatory framework. Securitisation, European Union, STS, Regulation 2017/2401, Regulation 2017/2402, simplicity, transparency, standardisation, high quality securitisations
立法评论:欧盟对高质量证券化市场的尝试:一个成功的故事?
本评论讨论了欧盟证券化运营的新监管框架。2017年,欧盟通过了两项支持证券化市场的法规:第2017/2402号法规,也称为“证券化法规”,第2017/2401号法规,也称为“证券审慎监管”。这些规定引入了所谓的“STS要求”,即对证券化市场中被认为是高质量的简单、透明和标准化证券化的要求。本文的目的是评估欧盟建立高质量证券化市场的尝试是否成功,并确定在上述尝试建立更灵活的监管框架后仍存在哪些问题。证券化、欧盟、STS、第2017/2401号法规、第2017-2402号法规、简单性、透明度、标准化、高质量证券化
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来源期刊
European Business Law Review
European Business Law Review Social Sciences-Law
CiteScore
1.10
自引率
0.00%
发文量
34
期刊介绍: The mission of the European Business Law Review is to provide a forum for analysis and discussion of business law, including European Union law and the laws of the Member States and other European countries, as well as legal frameworks and issues in international and comparative contexts. The Review moves freely over the boundaries that divide the law, and covers business law, broadly defined, in public or private law, domestic, European or international law. Our topics of interest include commercial, financial, corporate, private and regulatory laws with a broadly business dimension. The Review offers current, authoritative scholarship on a wide range of issues and developments, featuring contributors providing an international as well as a European perspective. The Review is an invaluable source of current scholarship, information, practical analysis, and expert guidance for all practising lawyers, advisers, and scholars dealing with European business law on a regular basis. The Review has over 25 years established the highest scholarly standards. It distinguishes itself as open-minded, embracing interests that appeal to the scholarly, practitioner and policy-making spheres. It practices strict routines of peer review. The Review imposes no word limit on submissions, subject to the appropriateness of the word length to the subject under discussion.
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