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EU reaches provisional deal on securitisation rules, targeting due diligence and bank capital

The European Parliament and Council have reached a political agreement on changes to the EU securitisation framework. The package would streamline disclosure and investor checks and make prudential treatment more risk-sensitive, but still requires formal approval.

The European Commission said on 22 October that the European Parliament and Council had reached a political agreement the previous day on changes to the EU securitisation framework. The package addresses both the Securitisation Regulation and the Capital Requirements Regulation.[1]

At a glance01

What the agreement would change

What the agreement would change
ItemDetails
Investor due diligenceSimplify requirementsSource 1
TransparencyStreamline disclosure obligationsSource 1
Bank capital treatmentMake prudential requirements more risk-sensitiveSource 1
Procedural statusPolitical agreement; technical finalisation and formal approval still requiredSource 1

Commercial effects depend on the final provisions

Securitisation transfers or repackages exposure to a pool of assets. For an intermediary, changes to due diligence affect the work needed to assess a transaction; changes to bank capital treatment affect the economics of holding or originating exposures. Those channels can operate differently, so a broad claim that every securitisation becomes cheaper would go beyond the announcement.[1]

The final text will determine which positions, structures and institutions benefit, and under what conditions. An investor still needs to understand the underlying assets, the payment waterfall and how losses are allocated. Simpler compliance procedures do not make those credit questions disappear.[1]

The next documentary milestones are technical finalisation, formal adoption by both co-legislators and publication in the Official Journal. Until those steps establish the operative text and commencement provisions, firms should describe this as an agreed policy package rather than a rule already available for transaction-level reliance.[1]

Follow the evidence

Sources & further reading

  1. Commission welcomes political agreement on review of Securitisation Framework European Commission / DG FISMA · 22 Oct 2026 · Accessed 27 Oct 2026

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