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Enforcement uncertainty

Category: ABS CLOs CMBS

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Set-back for STS-eligible issuance

The recent statement issued by the Joint Committee of the ESAs (SCI 4 December) is unlikely to be sufficient to assuage securitisation market concerns on its own. Such regulatory uncertainty is expected to further delay the emergence of STS-eligible securitisations in the pipeline.

“The statement by the Joint Committee of the ESAs acknowledges the concerns about the draft reporting templates, with respect to the disclosure requirements under the Securitisation Regulation,” says Merryn Craske, counsel at Mayer Brown.

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