Newsalert Finance and Regulated Entities Department | Covid-19: European Banking Authority statement on securitisations

On April 22, 2020 the European Banking Authority (EBA) has published a statement on the application in relation to securitisation transactions of the Guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis of April 2, 2020 (the “Guidelines on Covid 19”).

The statement covers in particular the following topics: (i) the applicability of the Guidelines on Covid 19 to securitised exposures, and (ii) the impacts of moratoria applied in the light of the Covid-19 pandemic on the implicit support framework.