Italian Securitisation Resources

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On January 1st 2019 the new EU Securitisation Regulation (EU Reg. 2402/17) began to apply and is going to be completed within 2019

 

The Regulation sets out the rules for all securitization transactions and creates a framework for simple, transparent and standardized securitization

The Regulation is both complex and far-reaching, and contemplates serious consequences for failure to comply and applies to originators, sponsors, original lenders and issuers

 

The Regulation aims to two main targets:

• repeal the main securitisation provisions in sectoral legislation applicable to banks (the CRR), insurers (Solvency II) and fund managers (the AIFMD Regime) and recast those provisions in a new, harmonised securitisation regime applicable to all institutional investors

• introduce a concept of "simple, transparent and standardised" (STS) securitisation that receive more benign regulatory treatment than other securitisations

 

The disclosure requirements of the Regulation will also be reflected in the ECB eligibility requirements for the acceptance of ABSs as collateral in the Eurosystem’s liquidity-providing operations

 

In order to facilitate the understanding of the STS Framework Regulation a new website www.stsframework.com has been edited by 130 Finance

ASSET CLASS DEAL NAME ORIGINATOR ISSUER DATE
Personal Loan AutoFlorence 1 2019 Findomestic Banca Spa
AutoFlorence 1 S.r.l. 2019-08-08 
SME Popolare Bari SME 2019 Banca Popolare di Bari S.c.p.A.
2019 Popolare Bari SME S.r.l. 2019-08-08 
Personal Loan Brignole CO 2019-1 Creditis Servizi Finanziari S.p.A.
Brignole CO 2019-1 S.r.l. 2019-08-01 
Personal Loan Marzio Finance Serie 6 - 2019 Istituto Bancario del Lavoro - IBL Banca Spa
Marzio Finance S.r.l. 2019-07-31 
SME Magnolia BTV 2019 Banco delle Tre Venezie S.p.A.
Magnolia BTV S.r.l. 2019-07-31 

DATE TITLE AUTHOR
2019-09-09 Italian Covered Bond Market - August 2019 130 Finance
2019-09-05 Italian Securitisation Market - August 2019 130 Finance
2019-08-08 Italian SPV Issue 2/2019 - June 2019 - Full Report 130 Finance
2019-08-08 Italian SPV Issue 2/2019 - June 2019 - Abstract for Registered Users 130 Finance
DATE TITLE REFERENCE
2019-09-02 Consultation Paper - Draft technical standards on the content and format of STS notifications under the onshored Securitisation Regulation FCA - Financial Conduct Authority
2019-08-09 Consultation Paper - Draft guidelines on the determination of the weighted average maturity (WAM) of the contractual payments due under the tranche in accordance with point (a) of article 257(1) of Regulation (EU) n° 575/2013” EBA - European Banking Authority
2019-07-11 ITALIAN SECURITISATION GUIDE - Regulatory Framework 130 Finance
2019-06-24 Draft RTS on authorisation of firms providing STS verification services ESMA - European Securities and Market Authority
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