Clifford Chance

EBA report on significant risk transfer in securitisation

30 November 2020

On 23 November the European Banking Authority published its long-awaited report on significant risk transfer (SRT) in securitisation (the "SRT Report"). This is a follow-on from its 2017 discussion paper (the "2017 DP") on the same topic. The SRT Report was published with the laudable ambition of simplifying and harmonising the current complex European patchwork of approaches taken to SRT, and providing certainty and predictability to market participants seeking to structure transactions that will achieve SRT.

In this briefing, we discuss the EBA's proposals and assess how much progress the SRT Report makes toward these ambitious goals.

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