Capital markets union: Council adopts securitisation rules - Main contents

On 20 November 2017, the Council adopted rules aimed at facilitating the development of a securitisation market in Europe.

The new rules are part of the EU’s plan to develop a fully functioning capital markets union by the end of 2019. Developing a securitisation market will help create new investment possibilities and provide an additional source of finance, particularly for SMEs and start-ups.

“These rules will help reinvigorate the securitisation market, thereby increasing the capacity for lending to households and businesses", said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency. "Defining a model for simple, transparent and standardised securitisations is an important step, building on recent work to regulate the industry and address risk."

The two regulations were adopted at a meeting of the General Affairs Council, without discussion.

The European Parliament gave its approval on 26 October 2017. This follows an agreement reached by the presidency and the Parliament on 30 May 2017.

• - 

  2017 regulation on securitisation and on criteria for simple, transparent and standardised products
• - 

  2017 regulation on capital requirements for positions in securitisation
• - 

  Capital markets union: agreement reached on securitisation (press release, 30/05/2017)

Visit the meeting page Download as pdf