Italian Securitisation Resources

SIGN UP

The European Central Bank (ECB) launched a public consultation on its Addendum to the Guidance to banks on non-performing loans.  The addendum supplements the NPL Guidance published on 20 March 2017 with regard to fostering timely provisioning and write-off practices. - Feedback due within Dec. 8, 2017. 

 

ECB stated “the draft addendum specifies quantitative supervisory expectations for minimum levels of prudential provisions for new NPLs. The prudential provisioning expectations will apply to all exposures that are newly classified as non-performing in line with the EBA definition as of 1 January 2018. These take into account the length of time a loan has been non-performing and the extent and valuation of collateral. More specifically, banks are expected to provide full coverage for the unsecured portion of new NPLs after 2 years at the latest and for the secured portion after 7 years at the latest.”

 

You can find the Addendum and the link to ECB public consultation webpage in the Regulation page

 

Spot the latests posts of Securitisation.it on the News page

ASSET CLASS DEAL NAME ORIGINATOR ISSUER DATE
NPL Belvedere SPV 2018 Multiple originators
Belvedere SPV S.r.l. 2018-12-21 
NPL GACS BCC NPLs 2018-2 73 banche italiane
BCC NPLs 2018-2 S.r.l. 2018-12-20 
Covered Bond Unicredit Spa - Eur. 25 bn OBG Programme - Series 2018-7 Unicredit Spa Unicredit Spa 2018-12-19 
Covered Bond Unicredit Spa - Eur. 25 bn OBG Programme - Series 2018-8 Unicredit Spa Unicredit Spa 2018-12-19 
Covered Bond Unicredit Spa - Eur. 25 bn OBG Programme - Series 2018-9 Unicredit Spa Unicredit Spa 2018-12-19 

DATE TITLE AUTHOR
2019-01-14 Italian Covered Bond Market - December 2018 130 Finance
2019-01-08 Italian Securitisation Market - December 2018 130 Finance
2018-12-20 ITALIAN TRUE SALES Data Snapshot Q4 2018 November, Interim Update 130 Finance
2018-10-16 Italian SPV 3/2018 - September 2018 - Full Report 130 Finance
DATE TITLE REFERENCE
2019-01-11 Final Report - Securitisation Regulation technical standards on securitisation repository application requirements, operational standards, and access conditions ESMA - European Securities and Market Authority
2019-01-11 Final Report - Guidelines on the STS criteria for non-ABCP securitisation EBA - European Banking Authority
2019-01-11 Technical standards on the novation of bilateral contracts not subject to bilateral margins ESAs - European Supervisory Authorities
2018-12-21 Technical standards on disclosure requirements under the Securitisation Regulation ESMA - European Securities and Market Authority
Don't have an account! Sign Up Here
or