The European Supervisory Authorities (ESAs) - EBA, ESMA and EIOPA - have proposed targeted changes to the capital framework for banks in their joint advice to the European Commission on the review of the prudential framework for securitisation, published on Monday 12 December.
In October, the Commission found that the European securitisation framework was working well (see EUROPE B13042A25) and invited the ESAs to review the technical standards for transparency requirements.
The ESAs...