9.2.21
Yesterday, September 2, in coordination with other global trades, SFA submitted a unified response to Her Majesty’s Treasury Call for Evidence regarding securitization regulations in the UK. In order to show global alignment, SFA, the Association for Financial Markets in Europe, UK Finance, and the Australian Securitisation Forum submitted identical language regarding ambiguity around the geographical scope of the EU/UK Securitization Regulation’s requirements and how this has impeded securitization transactions. Specifically, the response focused on the scope of obligations with respect to non-EU securitizations and allowed SFA to highlight our prior advocacy position that EU/UK institutional investors should conduct due diligence that is proportionate to the risk of a securitisation position.