Published in the Official Journal of the European Union on Sept. 21, 2022 Delegated Regulation (EU) 2022/1622 of May 17, 2022 issuing regulatory technical standards (RTS) to Regulation (EU) No. 575/2013 on prudential requirements for banks (CRR) regarding the definition of emerging markets and advanced economies in the context of calculating the own funds requirement.
These RTS specify how all markets that do not configure advanced economies should be considered as emerging markets.
In defining markets that configure advanced economies and those that configure emerging markets, a level playing field should be ensured and a risk-based approach should be established.
With regard to markets in member states that are less volatile than those recognized as advanced economies under the Basel Committee on Banking Supervision’s approach, these should be considered as advanced rather than emerging market economies.
EBA has published its final draft Regulatory Technical Standards (RTS) specifying the minimum performance-related triggers for simple, transparent and standardised (STS) on-balance-sheet securitisations that feature non-sequential amortisation.
The Capital Markets Recovery Package amended the Securitisation Regulation in several aspects, including creating a specific framework for STS on-balance-sheet securitisation to ensure that the Union securitisation framework provides for an additional tool to foster economic recovery in the aftermath of the COVID-19 crisis.