|
ECJ ruling comes at an inopportune time – market practice regarding the treatment of VAT on servicing in ‘true sale’ securitisations called into question
|
22.06.2026
|
Comments and statements |
Court of Justice of the European Union,
EuGH,
Mehrwertsteuer-Richtlinie,
Servicing-Besteuerung,
Tax exemption for the servicing of credit,
VAT Directive to ‘true sale’ securitisations.
|
|
10th European Benchmark Exercise Report – Market Segment Remains Stable with Financing Volume of €250 Billion
|
11.05.2026
|
Publications |
10th Report of the European Benchmark Exercise,
European Benchmark Exercise (EBE),
Financing the European SME sector,
Initiative of TSI AFME and EDW,
initiative of TSI AFME and EDW,
Market transparency,
private true sale securitizations
|
|
ECON adopts Parliament’s position on securitisation regulation – original draft report weakened
|
07.05.2026
|
Comments and statements |
Association of German Banks (BdB),
Bundesverband deutscher Banken (BdB),
CRR,
ECON,
Economic and Monetary Affairs Committee of the European Parliament (ECON),
EU Commission,
EU Parliament,
SECR,
Securitisation Regulation,
Verbriefungsregulierung
|
|
Joint industry positions from AFME, BdB, EBF and TSI on securitisation regulation
|
21.04.2026
|
Comments and statements |
AFME,
BdB,
CRR,
EBF,
European Parliament,
SECR,
Securitisation Regulation,
Verbriefungsregulierung
|
|
Private Credit in the Regulatory Spotlight
|
13.03.2026
|
Publications |
Financial Services Regulation Committee,
Great Britain,
House of Lords,
Private Credit
|
|
Europe’s Capital Markets: The EU’s Six Largest Members (E6) Demand Urgent Action from the European Commission
|
11.03.2026
|
Publications |
EU Commission,
European capital market,
Six largest EU countries (E6)
|
|
Consultation of the European Commission: TSI, together with GBIC, Leaseurope and Eurofinas, submits feedback on proposed amendments to the Securitisation Regulation
|
09.02.2026
|
Comments and statements |
Eurofinas,
European Commission,
German Banking Industry,
Leaseurope,
Securitisation Regulation
|
|
European Council Adopts Position on Securitisation Regulation
|
19.12.2025
|
Publications |
CRR,
Europäische Kommission,
European Commission,
European Council,
SECR,
Securitisation Regulation
|
|
9th Report of the European Benchmark Exercise – Market segment estimated to exceed €250 billion for the first time
|
15.12.2025
|
Publications |
ABCP securitisation,
Balance sheet-financed securitisations,
Balance sheet-financed securitizations,
European Benchmark Exercise (EBE),
European Commission,
European Commission,
Market transparency,
private true sale securitisation market,
Securitisation Regulation (Article 7),
Verbriefungsverordnung (Artikel 7)
|
|
Constructive Draft Report by the EU Parliament Rapporteur on Securitisation Regulation
|
12.12.2025
|
Publications |
CRR,
EU Parliament,
EU Parliament,
Europäische Kommission,
European Commission,
European Parliament,
SECR,
Securitisation Regulation,
Verbriefungsregulierung
|
|
ECON – TSI at public hearing on securitisation regulation in EU Parliament
|
13.10.2025
|
Comments and statements |
AFME,
Committee on Economic and Monetary Affairs (ECON) of the European Parliament,
Committee on Economic and Monetary Affairs Ordinary meeting,
CRR,
ESRB,
EU-Verbriefungsverordnung (SECR),
European Parliament,
Finance Watch,
Financing the transformation,
Finanzierung der Transformation,
Kapitaladäquanzverordnung (CRR),
SECR,
Securitisation Regulation,
Verbriefungsregulierung
|
|
8th Report of the European Benchmark Exercise – The ABCP market is growing again
|
18.09.2025
|
Publications |
ABCP securitisation,
balance sheet-financed transactions,
European Benchmark Exercise (EBE),
European Commission,
Market transparency,
private true sale securitisations,
Securitisation Regulation (Article 7)
|
|
ESMA Publishes Results of Consultation on Private Disclosure Templates
|
17.07.2025
|
Publications |
ESMA consultation,
Level 1 reform,
Private Disclosure Templates,
Securitisation Regulation
|
|
TSI Responds to LCR Consultation Together with GBIC, Leaseurope and Eurofinas
|
15.07.2025
|
Comments and statements |
Credit quality levels,
Eurofinas,
European Commission,
German Banking Industry,
Harmonisation with STS specifications,
LCR consultation,
Leaseurope
|
|
ESRB publishes status report on synthetic STS on-balance-sheet securitisations
|
05.05.2025
|
Publications |
Credit risks,
Equity release,
ESMA,
ESRB,
EU Commission,
European Systemic Risk Board,
Synthetic STS securitisations
|
|
EU Commission consults hurdles to capital markets integration against the background of the SIU – securitisations only mentioned in passing
|
15.04.2025
|
Publications |
EU Commission,
European capital markets,
European Capital Markets Union,
European Capital Markets Union,
Savings and Investment Union (SIU)
|
|
“Have Your Say” for the EU consultation on securitisation
|
31.03.2025
|
Publications |
EU consultation,
European Competitiveness,
European securitisation market
|
|
Private Disclosure Templates – TSI responds to ESMA consultation together with GBIC, Leaseurope and Eurofinas
|
31.03.2025
|
Comments and statements |
ESMA consultation,
Harmonization of reporting requirements,
Private Disclosure Templates,
Reducing bureaucracy,
SSM reporting
|
|
ESAs publish new Article 44 report on the functioning of the Securitisation Regulation
|
31.03.2025
|
Publications |
Article 44 Report,
European supervisory authorities,
European Supervisory Authorities (ESAs),
How the Securitisation Regulation works,
How the Securitization Regulation works,
Joint Committee (JC),
Securitisation Regulation (SECR)
|
|
ESMA publishes peer review on the supervision of STS requirements
|
28.03.2025
|
Publications |
ESMA review,
national supervisory authorities,
STS criteria
|
|
European Commission publishes strategy on Savings and Investments Union – Securitisation continues to play a role
|
20.03.2025
|
Publications |
EU Commission,
European Capital Markets Union,
Savings and Investments Union (SIU)
|
|
7th Report of the European Benchmark Exercise – Growth in the private non-ABCP markets and the STS segment continues
|
24.02.2025
|
Publications |
European Benchmark Exercise,
initiative of TSI AFME and EDW,
Initiative of TSI AFME and EDW,
Market transparency,
Private non-ABCP markets,
STS segment
|
|
Capital markets, economic growth and transformation financing
|
20.02.2025
|
Publications |
Capital market,
Financial market,
Securitisation,
Transformation financing,
Transformation financing,
Verbriefungen
|
|
EU consultation on securitisations – Commission publishes summary of the results
|
17.02.2025
|
Publications |
Absenkung der Kapitalanforderungen,
Europäische Kommission,
European Commission,
Reduction in capital requirements,
Securitisation Regulation,
Verbriefungsregulierung
|
|
Bureaucracy reduction in sight? ESMA publishes consultation on uniform disclosure template for private securitisations
|
17.02.2025
|
Publications |
Disclosure Templates,
ESMA consultation,
European Commission,
Transaction level
|
|
Reflections on a savings and investment union are becoming more concrete – securitisations are still under-exposed
|
03.02.2025
|
Publications |
Banking union,
Capital Markets Union (CMU),
European Commission,
European Savings and Investments Union (SIU)
|
|
Factsheet on positioning regarding securitisation published
|
30.01.2025
|
Publications |
European securitisation market,
European securitization market,
Factsheet Securitisations,
Factsheet Securitizations,
Q&A
|
|
French Proposal to Reduce Bureaucracy also Includes Simplifications to the European Securitisation Framework
|
24.01.2025
|
Publications |
European Commission,
Reducing bureaucracy,
Securitisation transaction,
Securitization transactions,
Simplifications of the European securitisation framework,
Simplifications of the European securitization framework
|
|
German government answers written parliamentary question on German securitisation task force
|
20.01.2025
|
Publications |
"Task force" securitisations,
"Task force" securitizations,
Europe's competitiveness,
Financial instrument,
German Federal Government,
Green and digital transformation,
Securitisation,
Verbriefungen
|
|
EU Parliament think tank analyses recommendations on the Capital Markets Union
|
10.01.2025
|
Publications |
Capital Markets Union (CMU),
Economic Governance,
EMU Scrutiny Unit (EGOV),
European Parliament,
Kapitalmarktunion (CMU),
Securitisation platform,
Securitization platform,
Securitsation,
Think Tank,
Verbriefungen
|
|
Final Report of the Financial Industry Initiative: Written Parliamentary Question
|
07.01.2025
|
Publications |
"Task force" securitisations,
"Task force" securitizations,
Europe's competitiveness,
Financial instrument,
Green and digital transformation,
Securitisation,
Verbriefungen
|
|
ESMA publishes results of Disclosure Templates consultation
|
20.12.2024
|
Publications |
Disclosure Templates,
ESMA,
ESMA consultation,
Europäische Kommission,
European Commission,
Transparency guidelines
|
|
ECB completes onboarding of Scope’s ratings
|
16.12.2024
|
Market Update |
Credit ratings,
ECB,
Scop ratings,
Scope Ratings
|
|
TSI and GBIC respond to EU consultation on securitisation – rigorous implementation of a series of measures required to strengthen the Capital Markets Union
|
04.12.2024
|
Comments and statements |
Capital markets union,
Capital Markets Union,
Final report of the German securitisation task force,
Final report of the German securitization task force,
Verbriefungsregulierung
|
|
Photovoltaics are brightening up the ABS market: new opportunities for solar financing
|
31.10.2024
|
Market Update |
ABS transaction for photovoltaics,
Climate protection measures,
ICMA Green Bond-Standard,
New asset class,
STS compliant
|
|
European Commission publishes consultation on securitisation framework
|
09.10.2024
|
Publications |
Europäische Kommission,
Verbriefungsregulierung
|
|
6th Report of the European Benchmark Exercise – further growth in ABCP and private non-ABCP markets
|
25.09.2024
|
Publications |
European Benchmark Exercise,
Market transparency,
Private non-ABCP markets,
STS segment
|
|
Final report of the Financial Industry Initiative published
|
16.09.2024
|
Publications |
Financing the European economy,
Securitization platform,
securitsati,
Taskforce,
Verbriefungen
|
|
Reform debate on securitisation regulation strengthened by Draghi report
|
09.09.2024
|
Publications |
Capital market,
Competitiveness,
Draghi report,
Transformation,
Verbriefungen
|
|
Risk Control supports debate on reforms regarding the securitisation regulatory framework
|
07.08.2024
|
Publications |
Capital Markets Union (CMU),
Kapitalmarktunion (CMU),
Risk Control,
Securitisation,
Securitisation Regulation,
Verbriefungen,
Verbriefungsregulierung
|
|
Paris Europlace publishes report on the role of securitisations in financing the EU agenda
|
31.07.2024
|
Publications |
Capital markets union,
Europlace,
Financing the transformation,
Finanzierung der Transformation,
Securitisation,
Verbriefungen
|
|
TSI and BdB submit comments on a “Financing for the Future Act II” (Zukunftsfinanzierungsgesetz II)
|
26.06.2024
|
Comments and statements |
Financing the transition,
Securitisation,
securitisation law,
Zukunftsfinanzierungsgesetz
|
|
Noyer Group publishes report on revitalising the Capital Markets Union – securitisation central element
|
02.05.2024
|
Publications |
Capital markets union,
Capital Markets Union,
European securitisation market,
Securitization platform,
Transformation financing,
Transformation financing
|
|
Academic View – Uneven Regulatory Playing Field in Securitisations
|
26.03.2024
|
Publications |
Diversification,
European securitisation market,
Securitisation Regulation,
Transparency requirements
|
|
TSI & GBIC submit response on ESMA’s consultation on disclosure templates / Joint Bank Reporting Committee (JBRC) before foundation
|
22.03.2024
|
Comments and statements |
ABCP,
Disclosure Templates,
ESMA,
German Banking Industry,
private non-ABCP,
public ABS,
Synthetic Synthetic balance sheet securitisations
|
|
Critical review of the impracticable reporting requirements for securitisations in the EU
|
11.03.2024
|
Publications |
Central bank eligibility,
ECB,
European securitisations,
Loan Level Data,
Regulation,
Reporting requirements,
SECR,
STS Securitisation Framework,
STS securitization framework
|
|
Fifth report of the European Benchmark Exercise – further growth in ABCP and private non-ABCP markets
|
11.03.2024
|
Market Update |
ABCP market,
EBE,
European Benchmark Exercise,
Market transparency,
Non-ABCP market,
Securitisation market,
Securitisation market,
True sale securitisations
|
|
Article 44 Consultation – joint opinion with the German Banking Industry Committee
|
12.02.2024
|
Comments and statements |
ESAs,
European securitisation market,
German Banking Industry,
Securitisation Regulation,
STS regulation
|
|
Extensive tax audit for the period 2016-2018 confirms reliability of securitizations under German law with a German SPV
|
26.01.2024
|
Market Update |
German SPV,
Securitisation,
Tax audit
|
|
European Green Bond Standard: Positive Vote of the European Parliament
|
05.10.2023
|
Market Update |
EUGBS,
European Green Bond Standard,
European Parliament,
European Parliament,
Securitisation,
Securitisation market
|
|
Comments on FSB consultation: Evaluation on Effects of G20 Reforms on Securitisation
|
22.09.2023
|
Comments and statements |
Financial market regulation,
Financial Stability Board,
Securitisation
|
|
Final report “German Securitisation Platform” published
|
20.09.2023
|
Publications |
Entferne Begriff: Deutsche Verbriefungsplattform Deutsche Verbriefungsplattform,
europäische Verbriefungsregulierung,
European securitisation regulation,
Finanzierung der Transformation,
German Securitisation Platform,
Securitisation market,
Securitisation Regulation,
Transformation financing
|
|
Fourth Report of the European Benchmark Exercise published – Market data for ABCP and private non-ABCP securitisations
|
20.09.2023
|
Publications |
Entferne Begriff: ABCP-Verbriefung ABCP-Verbriefung,
European Benchmark Exercise,
Market transparency,
Non-ABCP Verbriefung,
True sale securitisations
|
|
A French-German roadmap for the CAPITAL MARKETS UNION
|
13.09.2023
|
Market Update |
Capital Markets Union (CMU),
Financing the real economy,
Finanzierung der Realwirtschaft,
Finanzierung der Transformation,
Kapitalmarktunion (CMU),
Securitisation,
Transformation financing
|
|
SRT transactions on the rise – An opportunity for financing the green transformation
|
31.08.2023
|
Market Update |
Financing sustainable transformation,
Finanzierung der nachhaltigen Transformation,
SRT securitisation,
SRT-Transaktionen
|
|
FSB consults on the impact of financial market regulation since 2008 on securitisations
|
30.08.2023
|
Comments and statements |
Financial crisis,
Financial market regulation,
Securitisation market
|
|
EBA Consultation on STS Guidelines for Synthetics
|
07.07.2023
|
Comments and statements |
EBA,
European securitisations,
European securitisations,
STS Guidelines for Synthetes,
STS-Guidelines für Syntheten,
Synthetic securitisations
|
|
Green Bonds & Sustainable Securitisation
|
18.04.2023
|
Publications |
EU Green Bond (EuGB) Standard,
Green Bonds,
secured funding instruments,
Sustainable Securitisation
|
|
AFME, TSI and EDW publish the European Benchmark Exercise Report for H1-2022
|
05.04.2023
|
Publications |
European Benchmark Exercise,
True sale securitisations
|
|
Bank management instruments for financing the transformation – “Active credit risk, capital and liquidity management: An analysis of asset-based instruments”
|
30.01.2023
|
Publications |
Asset-based instruments,
Bank management,
Equity management,
European securitisation market,
Financing the transformation
|
|
TSI submits feedback on the Call for Evidence on Greenwashing
|
16.01.2023
|
Comments and statements |
Bank management,
Call for Evidence,
ESA,
European Green Bond Standard,
Greenwashing,
Securitisation
|
|
Sustainable Securitisation – too complicated or worth the effort?
|
01.12.2022
|
Publications |
Securitisation,
Securitisation,
Securitisation,
STS,
Sustainable Finance,
Sustainable Securitisation
|
|
Green Bonds and Securitisation – Paving the Way towards Financing the Sustainable Transformation?
|
25.11.2022
|
Publications |
European Green Bond Standard,
Green Bonds,
Securitisation,
Sustainable Securitisation,
SVI
|
|
TSI joins Letter to the EU Commission on securitisation regulation
|
04.11.2022
|
Comments and statements |
CRD IV,
CRR III,
EU Green Bond Standard,
IACPM,
RTS,
Securitisation,
Securitisation,
Significant Risk Transfer,
Sovency II,
STS Securitisations
|
|
TSI response on EBA Consultation of the RTS Homogeneity
|
01.11.2022
|
Comments and statements |
EBA,
EBA Consultation,
Homogeneity RTS,
synthetic securitizations
|
|
TSI supports AFME response on the EBA consultation “Exposure Value of SES”
|
17.10.2022
|
Comments and statements |
AFME,
EBA,
EBA Consultation,
Synthetic Excess Spreads,
synthetic securitizations
|
|
Securitisation under the EuGBS – TSI Opinion
|
14.10.2022
|
Comments and statements |
EBA,
EU Commission,
EUGBS,
Securitisations under the EuGBS,
Use-of-Proceeds Approach
|
|
Financing structure of the maritime industry in Germany
|
21.02.2022
|
Publications |
Asset-based financing,
Corporate finance,
Green Finance,
Lending platforms,
Maritime economy,
Unternehmensfinanzierung
|
|
“Use-of-Proceeds” Approach for Securitisations Supported by ECB
|
05.11.2021
|
Publications |
EU Green Bond (EuGB) Standard,
Europäische Kommission,
European Central Bank,
European sustainability goals,
Use-of-Proceeds (UoP) Approach
|
|
Sustainable Finance – Challenges and Opportunities for German SMEs
|
30.09.2021
|
Publications |
EU Green Bond (EuGB) Standard,
Financial market regulation,
SME financing,
Sustainable Finance,
Taxonomy
|
|
Launch of the consultation on the review of the Securitisation Regulation
|
23.07.2021
|
Market Update |
ESG,
EU Commission,
EU Securitisation Regulation,
EU-Verbriefungsverordnung,
Private placements,
Sustainable Finance
|
|
ESAs publish report on the implementation and functioning of the Securitisation Regulation
|
17.05.2021
|
Comments and statements |
ECB,
EIOPA,
ESA,
ESMA,
European securitisation market,
STS Securitisations,
STS Verification
|
