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EBA publishes final draft RTS specifying the performance-related triggers pursuant to the Securitisation Regulation

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On 20 September 2022, the European Banking Authority (EBA) published final draft Regulatory Technical Standards (RTS) specifying the minimum performance-related triggers for simple, transparent and standardised (STS) on-balance-sheet securitisations that feature non-sequential amortisation. The draft RTS have been developed in accordance with Article 26c(5) of the Securitisation Regulation (as amended by Regulation 2021/557), which requests the EBA to develop RTS to specify the minimum performance-related triggers for STS on-balance-sheet securitisations and “where relevant”, to calibrate them.

 

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