Legislation Comment: The EU’s Attempt for a High-Quality Securitisation Market: A Success Story?

This Comment discusses the new regulatory framework for securitisation operations in the European Union. In 2017, the EU adopted two Regulations to support the securitisation market: Regulation 2017/2402, also known as the ‘Securitisation Regulation’, and Regulation 2017/2401, also known as the ‘Securitisation Prudential Regulation’. These regulations introduced the so-called ‘STS-requirements’, being requirements for simple, transparent, and standardised securitisations that are considered of high quality in the securitisation market. The aim of this article is to assess whether the EU’s attempt for establishing a high-quality securitisation market has been successful and to identify which problems remain after said attempts for installing a more flexible regulatory framework