EBF comments on the BCBS Consultative Document on capital treatment for “simple, transparent and comparable” securitisations
Publication date: 5 February 2016
The European Banking Federation (EBF) welcomes the initiative of the Basel Committee on Banking Supervision (BCBS) to adjust the capital treatment for “simple, transparent and comparable” (STC) securitisation. As stated in our comments on the consultation paper to criteria for identifying STC securitisation, developed jointly by the BCBS and the International Organization of Securities Commissions (IOSCO), a functioning securitisation market is essential to support economic development, and for providing sufficient credit to companies. To ensure a functioning securitisation market it is of great importance that a securitisation with lower structural risk gets a lower capital surcharge.
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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