Securitisation Framework Review

The review aims to update the Securitisation Regulation and CRR (with LCR/Solvency II adjustments) to revive a market that frees bank capital for lending, especially to SMEs. It simplifies due-diligence and transparency, introduces risk-sensitive capital treatment (floors and a revised p-factor), strengthens supervisory convergence, and preserves core safeguards such as risk-retention and the ban on re-securitisation. The package is embedded in the Savings & Investments Union agenda (paired with reforms to trading and post-trading, insolvency and tax barriers, and investor-exit options like intermittent trading of private shares) to integrate EU capital markets and crowd in private finance.