Regulatory Alerts2023-11-07
Added · Updated
Commission Delegated Regulation (EU) 2024/584 amending STS securitisation homogeneity standards
The European Commission amends Delegated Regulation (EU) 2019/1851 to update homogeneity criteria for underlying exposures in simple, transparent and standardised (STS) securitisations. The amendments align rules for on-balance-sheet securitisations with existing standards for ABCP and non-ABCP transactions, allowing originators to assess credit risk for auto loans, leases, and corporate credit card receivables using individual consumer methodologies. The regulation applies to securitisations issued on or after 6 March 2024, while existing contracts notified to ESMA before that date may continue using the STS designation under previous criteria.
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