NBB Circular NBB_2018_03: EBA Guidelines on Implicit Support to Securitisation Transactions

This circular implements the European Banking Authority's guidelines on implicit support to securitisation transactions for less significant Belgian credit institutions, Belgian broker-dealers, and their parent financial holding and mixed financial holding companies. It requires these entities to apply capital requirements as if no risk transfer occurred when providing implicit support and mandates written notification to the National Bank of Belgium within 15 working days for any non-contractual operations. Entities must demonstrate that such operations meet normal competitive conditions and significant risk transfer criteria, providing documentation on links and financing if performed by related entities.

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NBB_2018_03 – 29 January 2018 Circular – Page 1/3 14 Berlaimont Boulevard – BE-1000 Brussels tel. +32 2 221 37 40 – fax + 32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be

Circular
Brussels, 29 January 2018
Reference: NBB_2018_03 your contact:
Joachim KELLER tel. +32 2 221 52 59 – fax +32 2 221 31 04 joachim.keller@nbb.be

EBA Guidelines on Implicit Support to Securitisation Transactions

Scope
This circular applies to less significant Belgian credit institutions as defined by Council Regulation (EU) No 1024/2013 and to Belgian broker-dealers as well as to Belgian parent financial holding companies and parent mixed financial holding companies of a less significant Belgian credit institution and/or a Belgian broker-dealer. 1,2

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Lineage: In force

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Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works