The European Securities and Markets Authorities’ (Esma) executive director Verena Ross this week said that implementation of the Securitisation Regulation will be difficult, given uncertainties and the lack of a transition period for the regulation, which came into effect at the start of the year. But she urged all market participants to be prepared.
Ross also used her keynote address at the Global ABS conference in Barcelona to defend the authority against accusations of being uncommunicative with market stakeholders.
Although the regulation is in effect, the European Commission has not yet adopted ESMA’s regulatory technical standards (RTS). If the Commission adopts them,