On 28 July 2022, the European Banking Authority (EBA) published a Consultation Paper on Draft Regulatory Technical Standards (RTS) on the homogeneity of the underlying exposures in STS securitisation under Articles 20(14), 24(21) and 26b(13) of Regulation (EU) 2017/2402, as amended by Regulation (EU) 2021/557.
These draft RTS will be amending the Commission Delegated Regulation (EU) 2019/1851 and will be applicable to all securitisations, including asset-backed commercial paper (ABCP), non-ABCP and on-balance-sheet securitisations.
The draft RTS carry over provisions on homogeneity set out in the existing RTS with some modifications. While extending the scope to on-balance-sheet securitisations, these draft RTS establish the same criteria for the assessment of homogeneity for all securitisations.
Finally, these draft RTS specify further the asset type for credit facilities provided to enterprises, where similar underwriting standards are applied as for individuals.
Responses to this consultation can be sent to the EBA by clicking on the “send your comments” button on the consultation page. The deadline for submissions is 28 October 2022.
A public hearing will take place via conference call on 28 September 2022.