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ESMA Final Report on Securitisation Disclosure

03/09/2018 at 6:03 pm

Generally adaptable, but CLOs and NPLs face fresh burdens ESMA recently published its final report on the technical standards on disclosure requirements for securitisations in Europe. Looking through what is a highly technical 339-page document reveals a number of important consequences for the securitisation markets in Europe going forward. To recap, many existing securitisations in Europe have had reporting and disclosure requirements for more than five years, but these requirements were...

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Exploring CRT Opportunities in Europe

05/07/2018 at 10:45 am

Capital Relief Trades or Credit Risk Transfer or Complex Regulatory Transactions even – An Executive Summary 5 July 2018 Exploring CRT Opportunities (PDF version) The market for credit risk transfer / capital relief trades (CRT) in Europe can trace its origins back some twenty years, coinciding with the fusion of CDS and securitisation technology to adapt to bank loan portfolio risks.  But that same synthetic securitisation format used at the outset for hedging/ capital management p...

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