ESAs Consultation on Sustainability Disclosures STS Securitizations
On 2 May 2022, European Supervisory Authorities (EBA, EIOPA and ESMA) published a consultation paper seeking input on draft Regulatory Technical Standards (RTS). Input is needed in respect of the content, methodologies, and presentation of information. The goal is to have Simple, Transparent & Standardized (STS) securitizations.
The draft RTS aims to:
- ensure originators disclosure the principal adverse impacts of assets financed by STS securitizations on environmental, social and governance-related factors.
- supplement the single rulebook under the Securitization Regulation in accordance with the Capital Markets Recovery Package (CMRP).
- take advantage of the ESAs’ work related to sustainability in the financial services under the Sustainable Finance Disclosure Regulation (SFRD).
Responses to the consultation are due by 2 July 2022, following the consultation period, the draft RTS will be finalized and submitted to the European Commission.
Published on 13.07.2022
For inquiries please contact:
regulatory-advisory@rbinternational.com
RBI Regulatory Advisory
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