We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy. Learn more here.Close Me
On May 12, 2015, the Joint Committee of the three European
Supervisory Authorities (ESAs) published a report detailing its findings and
recommendations regarding the disclosure requirements and
obligations relating to due diligence, supervisory reporting and
retention rules in existing EU law on Structured Finance
Instruments (SFIs). The ESAs comprise the European Banking
Authority, the European Securities and Markets Authority and the
European Insurance and Occupational Pensions Authority.
The report states that its recommendations constitute the Joint
Committee's response to the European Commission's recent
consultation on securitization and should be considered in the
light of further work on the transparency requirements for
SFIs.
The report focuses on the interplay between investor due
diligence requirements and the disclosure requirements that apply
to issuers, originators and sponsors. It aims to establish whether
investors are effectively protected and whether the supervision
framework is appropriate to support the redevelopment of the EU
securitization markets. It includes recommendations to:
harmonize due diligence requirements across the EU.
standardize investor reports and have them stored in a
centralized, public space.
ensure investors receive loan-by-loan level data.
review the use of different definitions and key terms across EU
legislative texts.
complement a harmonized due diligence and disclosure framework
with a comprehensive regime for supervision and enforcement.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
“Big data” is changing our economy. It has allowed Amazon, Google, Facebook and many others to redesign traditional business models and to create new or improved products and services with greater utility for consumers and often at very little cost.
But big data does not stop there. It has begun to also change more traditional sectors of the economy such as energy, telecommunications, banking, insurance and transport.
24 Nov 2018, Speaking Engagement, New York, United States
Each year, the New York Region of IFA hosts a panel and reception at the NYU Law School. This year’s panel will include a discussion of the TCJA international provisions.
It is entitled “International Provisions of the TCJA – How did we get here and where are we going?” Panelists will include Chip Harter, Deputy Assistant Secretary, International Tax Affairs, U.S. Department of Treasury.
27 Nov 2018, Speaking Engagement, New York, United States
Employment Managing Associates, Alexandra Stathpoulos and Alexandra Heifetz are presenting at the University of California, Berkeley School of Law’s FORM+FUND Series.
Alexandra S. and Alexandra H. will give a presentation entitled, “Employment Issues for Startups.” The FORM+FUND Series at UC Berkeley teaches the core legal, financial, and organizational aspects of starting and scaling a new business.
Cadwalader attorneys analyzed proposed regulations, issued on October 19, 2018 by the IRS and U.S. Treasury Department ("Treasury"), relating to the new Opportunity Zone program.
On September 26, 2018, a US federal court found that virtual currency constitutes a class of items that are commodities under the Commodity Exchange Act
In August 2018, President Donald Trump signed the Foreign Investment Risk Review Modernization Act of 2018, which significantly reformed national security reviews by the Committee on Foreign Investment in the United States.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
Changing The Landscape Of Private Credit Deals (Video)
