Regulatory Alerts2019-05-31
Added · Updated
Implementation of EBA Guidelines on STS criteria for ABCP and non-ABCP securitisations (EBA/GL/2018/08 and EBA/GL/2018/09)
The Prudential Supervision and Resolution Authority (ACPR) has declared its compliance with the European Banking Authority's guidelines on Simplicity, Transparency, and Standardisation (STS) criteria for both ABCP and non-ABCP securitisations. These guidelines provide a unique and consistent interpretation of STS criteria for initiators, sponsors, original lenders, SSPEs, investors, competent authorities, and third-party verifiers across the Union. The guidelines are applicable to institutional investors and securitisation entities as defined in Regulation (EU) 2017/2402 to facilitate the adoption of STS criteria.
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