Special Reporting Guidelines: Written Confirmation document required by Securitisation Repositories
The new disclosure regime introduced by the Securitisation Regulation (EU) 2017/2402 requires reporting entities for public securitisations to submit a series of data templates and documents to a Securitisation Repository. While there are technical standards to verify the consistency and completeness of the XML Templates provided to a Securitisation Repository, this is not the case […]
Facing rejection of your data submission under the Securitisation Regulation?
More than three years after the Securitisation Regulation (EU)2017/2402 came into force, the registration of the first EU Securitisation Repository in June 2021 will close the final gap in the disclosure framework. Since September 2020, the use of the new reporting templates developed by the European Securities & Market Authority (ESMA) and implemented in a […]
ESAs recommendations on private transactions
The European Supervisory Authorities published a Joint Committee Report on 17 May 2021 pursuant to Article 44 of the Securitisation Regulation (SECR) (EU) 2017/2402 as part of its revision. The Report includes a number of recommendations for consideration by the European Commission in the context of the upcoming review of the SECR. Specifically, there are […]
Shaping European Data Governance: The Future of Digitalisation According to the European Union
The idea that society should benefit from data that has been generated using public funds has been part of European Union (EU or Union) policy for a long time. A typical example is the collection of energy efficiency certificates (EPC) for buildings across jurisdictions. Directive (EU) 2019/1024, as well as sector-specific legislation, ensures that the […]
A Long Road Ahead for a Systematic European NPL Approach
While Europe was united in the response to the ABS crisis back in 2008, much needs to be done to ensure a systematic European approach for non-performing loans (NPLs). On 23 September 2020 new disclosure requirements under the Securitisation Regulation (EU) 2017/2402 entered into force for public and private Non-Performing Exposure (NPE) securitisations. For this […]
Why the Market Supports European DataWarehouse
When EDW submitted its application to ESMA on 23 September, we did so knowing we had the support and trust of the market behind us. We’re humbled to present the following testimonials below. “Since 2013 European DataWarehouse has been acting successfully as the unique securitisation repository of the Eurosystem, contributing to provide investors with the […]
Everything you Need to Know About the New EDW Extended (ESMA + Rating Agency) Templates
How Were they Created? European DataWarehouse (EDW) worked together with DBRS Morningstar, Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings to introduce extended ESMA reporting templates for all asset classes and the investor reports, the EDW Extended Templates. The collaborative process took more than a year. Together, EDW and the four Rating Agencies identified […]
European CMBS & CLO Update Amid Covid: The Need For Data Accuracy and Transparency
Europe, like the rest of the world, has been suffering at the hands of the pandemic. Starting with Italy, the virus soon spread to many other European nations. This unprecedented dislocation, along with upending our daily lives, has also created substantial volatility in the economy. In times like these, the need for high-quality datasets and […]
The Babel Tower of Energy Performance Certificate Ratings and Databases in Europe
European DataWarehouse (EDW) is the first securitisation repository in Europe for collecting, validating, and making available for download detailed, standardised and asset class specific loan-level data (LLD) for Asset-Backed Securities (ABS) transactions and private whole loan portfolios. Developed, owned, and operated by the market, we help to facilitate risk assessment and to improve transparency standards […]
COVID-19 in SME Data
In late February, towns in the Lombardy region in Italy began going into lockdown, one after the other. Schools, restaurants, shops, and offices all shuttered in what seemed like an extreme measure to the rest of Europe. Within a matter of weeks, much of the world would find itself under similar restrictions. Today we are […]