{"id":125170,"date":"2026-05-12T11:46:09","date_gmt":"2026-05-12T09:46:09","guid":{"rendered":"https:\/\/www.afg.asso.fr\/?p=125170"},"modified":"2026-05-12T11:46:57","modified_gmt":"2026-05-12T09:46:57","slug":"securitization-regulation-vote-in-the-european-parliaments-econ-committee","status":"publish","type":"post","link":"https:\/\/www.afg.asso.fr\/en\/securitization-regulation-vote-in-the-european-parliaments-econ-committee\/","title":{"rendered":"Securitization regulation &#8211; vote in the European Parliament&#8217;s ECON Committee"},"content":{"rendered":"\n<p><strong>The AFG welcomes the recent vote in the European Parliament&#8217;s ECON Committee on the reform of securitization regulation.<\/strong><\/p>\n\n\n\n<p>This proposed new framework appears beneficial to the development of this market in Europe, while maintaining a protective environment.<\/p>\n\n\n\n<p>In particular, <strong>the UCITS&#8217; equity ratio has ultimately been increased from 10% to 20% across all forms of securitization<\/strong> (public and private, STS and non-STS), contrasting with the initial, disproportionate proposal at the parliamentary level for an increase to 50% or 70%. An excessive increase would have disastrous consequences for the liquidity of securitizations, impacting financial stability and potentially rendering European securitization ineligible for UCITS. The AFG notes favourably the more measured increase in this ratio, which is crucial for UCITS in terms of risk management. <strong>The AFG considers that the approach adopted by the European Commission within the framework of the MISP package currently under negotiation, which provides for an increase in the ratio to 15%, appears balanced regarding the protection of retail investors in UCITS.<\/strong><\/p>\n\n\n\n<p>Regarding due diligence obligations for securitization, <strong>the wording adopted by the ECON Commission establishes informational equivalence between European and third-country securitizations, thereby creating a level playing field in Europe,<\/strong> ensuring identical transparency and thus investor protection. The AFG welcomes this type of measure, which aims to avoid disadvantaging investment in the EU.<\/p>\n\n\n\n<p>The definition of sponsors also reverts to its initial wording, thus avoiding a form of legal uncertainty regarding the ability of asset management companies to be delegated the management of securitization transactions.<\/p>\n\n\n\n<p>Finally, <strong>it remains regrettable that the ECON Commission has retained a special sanction regime for securitization, which risks conflicting with existing regimes and whose calculation method (a maximum of half the amounts invested) seems disproportionate<\/strong> and offers little incentive to increase securitization investment volumes.<\/p>\n\n\n\n<p>The trilogues on this reform proposal are to be held by the beginning of June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AFG welcomes the recent vote in the European Parliament&#8217;s ECON Committee on the reform of securitization regulation. This proposed&hellip;<\/p>\n","protected":false},"author":6,"featured_media":116760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"_gspb_post_css":"","wds_primary_category":1,"footnotes":""},"categories":[1],"tags":[],"thematics":[730,729],"top_contenu":[568,44,45],"class_list":["post-125170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classe","thematics-securitization-regulation","thematics-ucits","top_contenu-top-contenu-commission-club","top_contenu-top-contenu-espace-membre","top_contenu-top-contenu-home-page"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/posts\/125170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/comments?post=125170"}],"version-history":[{"count":0,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/posts\/125170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/media\/116760"}],"wp:attachment":[{"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/media?parent=125170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/categories?post=125170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/tags?post=125170"},{"taxonomy":"thematics","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/thematics?post=125170"},{"taxonomy":"top_contenu","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/en\/wp-json\/wp\/v2\/top_contenu?post=125170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}