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Securitisation Report.pdf

COM_COM20100262_EN.pdf

🔗 Source: europarl.europa.eu

📊 Size: 49 KB

👤 Author: H1 COOLS Anne 55994

⬇️ Downloads: 80

Summary

The European Commission reports on the expected impact of Article 122a of Directive 2006/48/EC, which imposes requirements on credit institutions to ensure they invest in securitisations with proper due diligence and originators have incentives for diligent loan underwriting. The article aims to address root causes of large unexpected losses in securitisations, including lack of sound loan underwriting practices and insufficient due diligence by investors. The Commission assesses the overall impact of Article 122a and considers the effectiveness of the retention requirement, which obliges issuers to retain exposure to securitisations. The report concludes that the impact of Article 122a will be positive, helping to align incentives between issuers and investors and strengthen financial stability.

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Description

The European Commission reports on the expected impact of Article 122a of Directive 2006/48/EC, which imposes requirements on credit institutions to ensure...

Technical Information

File Format: PDF
File Size: 49 KB
Pages: 11
Language: EN
Author: H1 COOLS Anne 55994
Total Downloads: 80
Last Updated: 6 days ago

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