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

Personal Loan Brignole CQ 2019-1 Creditis Servizi Finanziari S.p.A.
Brignole CQ 2019-1 S.R.L. 2019-10-09 
Personal Loan Marzio Finance Serie 7 - 2019 Istituto Bancario del Lavoro - IBL Banca Spa
Marzio Finance S.r.l. 2019-10-09 
Covered Bond MPS - Eur. 20,000,000,000 Programme - Series 27-2019 Banca Monte dei Paschi di Siena Spa Banca Monte dei Paschi di Siena Spa 2019-10-08 
Covered Bond BPM Covered Bond Programme Series 11 - 2019 Banco BPM Spa Banco BPM Spa 2019-09-25 
Personal Loan AutoFlorence 1 2019 Findomestic Banca Spa
AutoFlorence 1 S.r.l. 2019-08-08 

2019-10-03 Italian Covered Bond Market - September 2019 130 Finance
2019-10-02 Italian Securitisation Market - September 2019 130 Finance
2019-09-19 Italian True Sales Data Snapshot Q3 2019 August, Interim Update 130 Finance
2019-08-08 Italian SPV Issue 2/2019 - June 2019 - Full Report 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
2019-08-09 Consultation Paper - Draft guidelines on the determination of the weighted average maturity (WAM) of the contractual payments due under the tranche in accordance with point (a) of article 257(1) of Regulation (EU) n° 575/2013” EBA - European Banking Authority
2019-07-11 ITALIAN SECURITISATION GUIDE - Regulatory Framework 130 Finance
2019-06-24 Draft RTS on authorisation of firms providing STS verification services ESMA - European Securities and Market Authority
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