Firms will need to update their internal procedures and ensure they are ready to comply with the new requirements ahead of 1 November 2024.
HM Treasury (HMT), the Financial Conduct Authority (FCA), and the Prudential...more
The new securitisation framework will combine three sets of overlapping rules, in an effort to repeal and replace retained EU law in the UK.
The missing piece of the puzzle to the UK’s new securitisation framework became...more
8/17/2023
/ AIFM ,
Banking Sector ,
Capital Requirements ,
Consultation ,
EU ,
Financial Conduct Authority (FCA) ,
FSMA ,
OECD ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Risk Retention ,
Securitization ,
Securitization Vehicles ,
Special Purpose Entities ,
Transparency ,
UK
New rules will modify regulatory capital requirements for securitisation positions and unify risk retention practices.
By year end, the European Commission (the EC) is expected to publish two new EU regulations in the...more