The European Banking Authority has just launched a consultation on the guidelines for the STS criteria for on-balance-sheet securitisation.
Given the growth of on-balance-sheet (synthetic) securitisations since the inclusion in Q2 2021 of synthetic securitisations to the STS framework this is quite important.
We will, in due course, review the paper and publish our views.
A public hearing will take place via conference call on 30 May 2023 from 14:30 to 15:30 (CEST).
The deadline for this consultation is the 7 July, PCS will, of course, be responding.