EDW Conducts GAP Analysis on the proposed EBA NPL Templates
Information asymmetries and lack of information provided in a standardised and common format are the key challenges highlighted by the European Banking Authority (EBA) for the development of an efficient secondary market for non-performing loans (NPLs) sale. After the development of the NPL templates in 2017-2018, and the subsequent market-based consultation in the summer of […]
ECB and ESMA Data in Use – A Snapshot of Moratoria in SME Loans
The outstanding amount of the public loans in European DataWarehouse’s (EDW’s) Securitisation Repository platform has stood consistently around +/- EUR 800 billion since Q4 2020. Following the registration of the first Securitisation Repositories by the European Securities and Markets Authority (ESMA) in June 2021, reporting entities have been obligated to report all STS securitisations, as […]
The new EBA NPL templates and taxonomy: another step towards European NPL transparency and standardisation
Building on the European Council’s 2017 “Action Plan to Tackle Non-Performing Loans in Europe,” the European Commission (EC) published its strategy in December 2020 to further reduce the stocks of non-performing loans (NPLs) across the European Union and to implement a systemic solution for the sale and disposal of NPL as well as unlikely to […]
Everything you need to know about EDW’s Data Quality Scoring
To increase the quality and useability of loan-level data submitted to its Securitisation Repository platform, European DataWarehouse (EDW) introduced data quality scoring on a deal level in 2017. Since then, EDW has developed and applied more than 4,000 rules and checks to both the ECB Loan-Level Data templates and the ESMA Underlying Exposures, Investor Report, […]
‘Reporting for reporting’s sake:’ Bank of America Commentary highlights use case for EDW solutions
A Bank of America Global Research report commentary, published on 3 May 2022, has explored the complexities and costs associated with the current European securitisation reporting requirements under the Securitisation Regulation (Regulation) and their effects on market recovery, funding, as well as risk transfer. The commentary, titled ‘Reporting for reporting’s sake,’ highlights the use case […]
Reporting to a UK Securitisation Repository from 17 January 2022 – Technical Guidance
The Financial Conduct Authority (FCA) has announced the registration of European DataWarehouse Ltd (EDW Ltd) as a UK Securitisation Repository (SR) with effect from 17 January 2022. Following that date, public securitisations within the scope of the UK Securitisation Regulation have to upload relevant information pursuant to Article 7 to a registered SR in structured […]
Europe’s NPL Secondary Market Directive in Focus
In preparation for a potential increase in non-performing loans (NPLs) as COVID-19 support measures are phased out, European governments and the European financial system have been working towards assessing and provisioning for loan losses to avoid adverse incentives for banks. Following several developments since EDW’s last update on the various steps toward the implementation of […]
EDW responds to various consultations relating to the review of the EU Securitisation Framework and NPLs
As an ESMA-registered Securitisation Repository under the Securitisation Regulation (EU) 2017/2402 (SECR), European DataWarehouse has recently submitted responses to a number of consultations. These include the EC Targeted Consultation on the Functioning of the EU Securitisation Framework, the EBA Discussion Paper (DP) on NPL Data Templates, and the EC Targeted Consultation on Improving Transparency and […]
Steps toward the implementation of the EU NPL Action Plan
In the context of a post-pandemic recovery, European governments and the European financial system have been preparing for a wave of non-performing loans (NPLs) which are expected to be unveiled once the various COVID-19 support measures are terminated. In particular, as moratoria and other fiscal stimulus measures are phased out, experts expect to witness a […]
Everything you need to know about reporting to a Securitisation Repository under the EU Securitisation Regulation
Introducing the Securitisation Regulation (EU) 2017/2402 The Securitisation Regulation (EU) 2017/2402 (SECR), which was published in the Official Journal of the EU on 28 December 2017, establishes a general framework for all securitisations and creates a more specific framework for simple, transparent and standardised (STS) securitisations. The SECR has introduced new disclosure requirements for the […]