The European Banking Authority (EBA) has published a document setting out final draft regulatory and implementing technical standards (RTS and ITS) on securitisation retention rules in the Capital Requirements Regulation (CRR).
The final draft RTS concern the retention of net economic interest and other requirements related to exposures to transferred credit risk under articles 405, 406, 408 and 409 of the CRR. The final draft ITS relate to the convergence of supervisory practices with regard to the implementation of additional risk weights under article 407 of the CRR and specify the measures to be taken in the event of breach of the obligations in these articles. Both of these will replace for most purposes the existing guidance on article 122a of the Banking Consolidation Directive as amended by CRD II issued by the EBA’s predecessor, the Committee of European Banking Supervisors.
View EBA publishes final draft Technical Standards on securitisation retention rules, 17 December 2013
