Italian Securitisation Resources


On January 1st 2019 the new EU Securitisation Regulation (EU Reg. 2402/17) began to apply and is going to be completed within 2019


The Regulation sets out the rules for all securitization transactions and creates a framework for simple, transparent and standardized securitization

The Regulation is both complex and far-reaching, and contemplates serious consequences for failure to comply and applies to originators, sponsors, original lenders and issuers


The Regulation aims to two main targets:

• repeal the main securitisation provisions in sectoral legislation applicable to banks (the CRR), insurers (Solvency II) and fund managers (the AIFMD Regime) and recast those provisions in a new, harmonised securitisation regime applicable to all institutional investors

• introduce a concept of "simple, transparent and standardised" (STS) securitisation that receive more benign regulatory treatment than other securitisations


The disclosure requirements of the Regulation will also be reflected in the ECB eligibility requirements for the acceptance of ABSs as collateral in the Eurosystem’s liquidity-providing operations


In order to facilitate the understanding of the STS Framework Regulation a new website has been edited by 130 Finance

RMBS Lanterna Mortgage - 2020 Banca del Monte di Lucca SpA
Lanterna Mortgage S.R.L. 2020-07-31 
Personal Loan Auto ABS Italian Rainbow Loans 2020-1 Banca PSA Italia S.p.A.
Auto ABS Italian Rainbow Loans 2020-1 S.R.L. 2020-07-23 
SME Lanterna Finance - 2020 Banca Carige Spa
Lanterna Finance S.r.l. 2020-06-30 
Lease Receivable Alba 11 SPV - 2020 Alba Leasing S.p.a.
Alba 11 SPV 2020-06-25 
Covered Bond Intesa Sanpaolo - Eur. 50 bn. ISP OBG Covered Bond Programme - 2020 - 43 Intesa Sanpaolo Spa Intesa Sanpaolo Spa 2020-06-24 

2020-09-18 Italian Securitisation Market - August 2020 130 Finance
2020-07-06 Italian Covered Bond - June 2020 130 Finance
2020-06-18 Italian SPV - May 2020 130 Finance
2020-03-31 Misure di sostegno alle imprese - D.L. Cura Italia artt. 49, 55-57 130 Finance
2020-09-07 European Commission Regulation supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 – Securitisation general framework for simple, transparent and standardised securitisation - Official Journal of the European Union ESMA - European Securities and Market Authority
2020-02-25 ITALIAN SECURITISATION GUIDE - Regulatory Framework 130 Finance
2019-09-30 Single Rulebook Q&A - Question ID 2018_4368 “What are the obligations of an originator who purchases third party's exposures and subsequently securitises them, in order to meet the requirements set out in Article 9 of the Securitisation Regulation?” EBA - European Banking Authority
2019-08-16 Consultation Paper - Draft technical standards on the content and format of STS notifications FCA - Financial Conduct Authority
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