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 Regulation of the European Parliament and of the Council laying down common rules on securitisation and creating a European framework for simple, transparent and standardised securitisation and amending Directives 2009/65/EC, 2009/138/EC, 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012

I. Description

This proposal is based on what has been put in place in the EU to address the risks inherent in highly complex, opaque and risky securitisation. Focusing on better differentiation and the development of transparent, simple and standardised securitisation is a natural next step to build a sustainable EU market for securitisation, supporting both EU investment and proper risk management. Thus this legislative proposal aims to:

  1. restart markets on a more sustainable basis, so that simple, transparent and standardised securitisation can act as an effective funding channel to the economy;
  2. allow for efficient and effective risk transfers to a broad set of institutional investors as well as banks;
  3. allow securitisation to function as an effective funding mechanism for some longer term investors as well as banks;
  4. protect investors and manage systemic risk by avoiding a recurrence of the flawed "originate to distribute" models.

II. General Information

Title

Regulation of the European Parliament and of the Council laying down common rules on securitisation and creating a European framework for simple, transparent and standardised securitisation and amending Directives 2009/65/EC, 2009/138/EC,   2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012

Status
Proposal
Regulation
Proposal
Character
Regular Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Legislative History

Datum
Typ / Titel
Textfassungen
03/11/2016
Opinion of the European Central Bank
O.J. 2016/C 219/2
03/03/2016
Opinion of the European Economic and Social Committee
O.J. 2016/C 82/1
09/30/2015
Proposal
COM(2015) 472 final

2. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EU) No 648/2012
Amendment
  Directive 2011/61/EU
Amendment
  Directive 2009/138/EC
Amendment
  Directive 2009/65/EC
Amendment
  Regulation (EC) No 1060/2009

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Legislative History
2. Legal Impact