The European Banking Authority (EBA) has published a report and an opinion on securitisation retention, due diligence and disclosure requirements under the Capital Requirements Regulation (CRR).
Article 410(1) of the CRR mandates the EBA to report annually to the European Commission on the measures taken and compliance by Member State competent authorities with Articles 405 to 409 of the CRR. The report also contains the EBA’s response to the Commission’s earlier call for advice on Article 512 of the CRR.
The opinion contains advice from the EBA in the form of:
- nine recommendations on the overall appropriateness of requirements related to exposures to transferred credit risk as specified in Articles 405 to 409 of the CRR; and
- one recommendation on the convergence of the retention rules regulatory frameworks.
View EBA report on securitisation risk retention, due diligence and disclosure, 22 December 2014