18 September 2019
On 13 September 2019, the European Banking Authority published a long-awaited piece of guidance in relation to the securitisation of acquired portfolios. The Q&A clarifies the obligations of securitisation originators under Article 9 of the EU Securitisation Regulation ("EUSR") to verify the credit granting standards used to originate securitised assets. While not as clear as it might have been, the Q&A nonetheless provides welcome comfort to portfolio acquirers on how to comply.
EBA Publishes Guidance on Securitising Acquired Portfolios