Six Months into DORA: How Regulatory Obligations Support Operational Resilience
The Digital Operational Resilience Act (DORA) is an EU regulation that entered into force on 16 January 2023 and began to apply on 17 January 2025. For the first time, all provisions addressing digital risk in the financial sector are set out in a single, consistent legislative framework. This closes gaps, removes inconsistencies, and introduces […]
EDW Welcomes EU Proposal to Boost the Securitisation Market
European DataWarehouse (EDW) welcomes the European Commission’s recent proposal to enhance the EU securitisation framework. The proposed amendments to Article 5 (due diligence) and Article 7 (transparency and reporting) aim to reduce regulatory complexity and unlock securitisation’s potential as a vital financing tool for supporting investment and growth across Europe. Key Due Diligence Simplifications The […]
Mutual Funds’ Growing Appetite for Sustainability Disclosures in European Auto ABS
The Leibniz Institute for Financial Research SAFE (SAFE), European DataWarehouse’s (EDW) partner in the Green Auto Securitisation (GAS) Project, has published a paper entitled “Mutual Funds’ Appetite for Sustainability in European Auto ABS”. This paper is the fourth in a series of publications as part of the GAS project. The three previous papers are listed […]
How to Use Underlying Exposure Data to Support the Calculation of Capital Requirements for Securitisations
Article 7 of the Securitisation Regulation (EU) 2017/2402 requires the disclosure of detailed, loan-by-loan information for all securitised assets. This level of transparency is highly valuable—not only does it allow investors and market participants to monitor portfolio performance and better understand the risk characteristics of the underlying loans, but it also plays a critical role […]
ESMA vs. ECB Reporting Formats: What You Need to Know
As of 1 October 2024, all eligible ABS issuers must provide loan-level data using the templates specified in the technical standards adopted by the Commission under Article 7(4) of Regulation (EU) 2017/2402 (the Securitisation Regulation). These templates are commonly referred to as the “ESMA templates”. The specific template to be used in each case depends […]
Green Auto Securitisation Advocates Specific Measures for the Reduction of Vehicle Emissions
The Green Auto Securitisation (GAS) initiative welcomes President Ursula von der Leyen’s recent statement on the Strategic Dialogue on the Future of the Automotive Industry. The statement takes a balanced approach to clean mobility while maintaining regulatory stability and competitiveness. A key proposal from the European Commission is to keep existing CO2 targets but allow […]
ESMA Publishes Consultation Paper on the Revision of the Disclosure Framework for Private Securitisation
European DataWarehouse (EDW) welcomes the simplification proposal for private ABCP and non-ABCP reporting by the European Securities and Markets Authority (ESMA). The consultation on the revision of the disclosure framework for private securitisation was launched on 13 February 2025 and invites market participants to submit their feedback by 31 March 2025. ESMA’s consultation paper includes […]
Data Deep Dive: EDW’s Public Securitisations Data Now Totals Nearly €835 Billion
As of Q2 2024, the outstanding amount of loans uploaded to EDW totalled almost €835 billion from 12 European countries. This value is down from a historical high of nearly €1 trillion in 2014-Q3, and has consistently been at around €835 billion since 2018-Q4 whereas the number of outstanding public securitisations is at a historical […]
The Draghi Report: What “The Future of European Competitiveness” Means for Securitisation
On 9 September 2024 the report “The Future of European Competitiveness” was issued. The European Commission tasked Mario Draghi to prepare a report of his personal vision on the future of European competitiveness. The report revolves around three main areas for action aimed at improving Europe’s competitiveness and reigniting sustainable growth. The findings of the […]
Significant Changes to the CO₂ labelling Ordinance for Cars in Germany
The new Car Energy Consumption Labelling Ordinance came into force on 23 February 2024, drastically changing the energy performance labels assigned to cars, and has been mandatory since 1 May. The new CO2 labels will use absolute CO2 emissions values and assign a rating based on thresholds as shown below. Source: Car Energy Consumption Labelling […]