On Wednesday 5 May, the European Commission clarified the cooperation obligations between national competent authorities and the European Financial Supervisory Authorities (ESAs) under the Simple, Transparent and Standardised Securitisation Regulation 2017 (see EUROPE B11908A30).
“Securitisation transactions are complex and involve many different players, who are supervised by different competent authorities. In order to ensure a consistent and appropriate implementation of the new legal...