COVID-19 Update: Changes to the EU Securitisation Regulations and the Capital Regulation Reference | Cadwalader, Wickersham & Taft LLP
As discussed in our previous Clients and Friends Memo First Update”), on 24 July 2020 the European Commission (the “ Commission”) published proposed amendments to the current securitisation framework set out in Regulation (EU) 2017/2402 (the “ Securitisation Regulation”) [2] with the intention of bolstering economic recovery from the COVID-19 pandemic. The Council of the EU has now published the final text in respect of those amendments, as agreed with the EU Parliament and the Commission (the “ Final Text”) [3]. The purpose of this Clients and Friends Memo is to highlight certa...
Source: jdsupra.com