Italian Securitisation Resources

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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 www.stsframework.com has been edited by 130 Finance

ASSET CLASS DEAL NAME ORIGINATOR ISSUER DATE
Personal Loan P2P LENDIT S.R.L. Prestiamoci S.p.A.
P2P LendIT Srl 2020-11-20 
SME Auxilio SPV S.r.l. Art SGR S.p.A.
Auxilio SPV S.r.l. 2020-09-17 
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 

DATE TITLE AUTHOR
2020-11-03 CROWDFUNDING Regolamento UE 2020/1503  -  Crowdfunding e Società Veicolo - SPV 130 Finance
2020-10-08 Italian Securitisation Market - September 2020 130 Finance
2020-10-02 Italian Covered Bond - September 2020 130 Finance
2020-06-18 Italian SPV - May 2020 130 Finance
DATE TITLE REFERENCE
2020-10-15 Interessi Moratori ed Usura - Sentenza S.U. Cassazione - Profili Operativi 130 Finance
2020-10-02 SECURITISATION – Disclosure Requirements STS Framework - State of the Art 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
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