Saatja: Wim Mijs <
[email protected]>
Saadetud: 14.06.2023 17:02
Adressaat: <
[email protected]>; <
[email protected]>
Koopia: <
[email protected]>; <
[email protected]>;
<
[email protected]>; Sébastien de Brouwer <
[email protected]>;
Gonzalo Gasos <
[email protected]>; Mireille Thiery <
[email protected]>
Teema: EBF support to securitisation and financing of the EU economy.
Manused: image002.png; EBF_046159 - Support to securitisation in the banking package.pdf
Dear Minister of Finance Svantesson, dear Financial Attaché Anderson,
Please find attached a letter for your perusal.
With kind regards,
Wim Mijs
Wim Mijs
Chief Executive Officer
Executive Assistant: Odette McDonald
Email:
[email protected]
European Banking Federation
56 Avenue des Arts, Brussels 1000, Belgium
European Transparency Regi. - ID number 4722660838-23
TVA / VAT BE0472 150 369
www.ebf.eu @EBFeu disclaimer
EBF_046159
Brussels, 14 June 2023
TO: EU Ministers of Finance
Financial Attachés of the Permanent Representations to the EU
c/c:
Commissioner Mairead McGUINNESS
Martin MERLIN – Banking, Insurance and Financial Crime
Almorò RUBIN DE CERVIN – Banking Regulation & Supervision
SUBJECT: Banking package – Securitisation
Dear Ministers of Finance and Financial Attachés,
The European Banking Federation is looking forward to concluding the Banking Package
dossier that will reinforce the resilience of the European banking system and its capacity
to finance the European economy.
The preparedness of EU banks to stand firm in the face of recent bank crises in other
countries confirms the solidity of the regulatory reform that started 12 years ago and has
been implemented by all EU banks.
In April 2022, the Council adopted conclusions on the strategic autonomy of the European
economic and financial sector, including the promotion of a strong, competitive and
resilient European financial sector servicing the economy and avoiding risks arising from
excessive reliance on third-country financial institutions.
Going forward, the EU economy is facing very significant financing needs to deliver on its
commitment to accomplish the digital and green transitions across all countries and
economic sectors.
Against this background, I would like to draw your attention to the key role that the
securitisation framework plays in enhancing the lending capacity of the banking system
and therefore the chances for the EU to stay the course of economic transformation and
growth in the next decade.
In the context of the Banking Package legislative discussions currently underway, I would
like to express the support of the European Banking Federation to the proposals that the
Commission is known to have put forward at the trialogue regarding the prudential
treatment of securitisation with specific measures for Simple, Transparent and
Standardised (STS) and non-STS securitisations under the Internal Rating Based Approach
(IRBA) and the Standardised Approach (SA), as well as the mandate to the EBA to report
on related matters.
European Banking Federation aisbl
Brussels / Avenue des Arts 56, 1000 Brussels, Belgium / +32 2 508 3711 /
[email protected]
Frankfurt / Weißfrauenstraße 12-16, 60311 Frankfurt, Germany
EU Transparency Register / ID number: 4722660838-23 www.ebf.eu
I trust that European co-legislators will once again take the right decisions to allow EU
banks play their critical role in financing the economy while keeping up with the resilience
built over time.
I remain at your disposal for any related question.
Yours sincerely,
Wim MIJS
Chief Executive Officer
2 www.ebf.eu