ESMA lists no ABS authority for Spain under new rules

spain
By Tom Brown
23 Apr 2019

A list of competent authorities under article 29 of the new Securitization Regulation published by the European Securities and Markets Authority (ESMA) showed that Spain is still without a securitization regulator, in an example of the teething difficulties of the new European securitization regime.

A list published on ESMA’s website showed that Italy, Croatia, Iceland and Norway are also without a regulation authority.

ESMA completed its list on April 1, stating that competent authorities have been registered with respect to Regulation 2402/2017 (the Securitization Regulation) which was implemented on January 1, ...

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