European authorities scramble rescue attempt as securitization regulation looms
The European Supervisory Authorities have tried their best to protect securitization markets from potentially huge damage from January 1 when the new Securitization Regulation comes into effect, encouraging national regulators to apply their powers in a “proportionate and risk-based manner” when new rules come into force next year.
The joint ESAs — that is, the European Banking Authority, European Securities and Markets Authorities, and European Insurance and Occupational Pensions Authority —published a letter on Friday flagging concerns about the new Securitization Regulation, which will apply from January 1.The issue they raise is on the ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org