Born of the OECD’s base erosion and profit shifting (BEPS) project, the Pillar Two rules introduce a global minimum corporate tax rate of 15% on multinationals of a certain size.
The reforms reflect the outcome of an...more
In February 2023, the European Banking Authority published its final report on the draft amending regulatory technical standards (the draft RTS) relating to the homogeneity requirements for simple, transparent and...more
There are some good news for the temporary recognition of the EU "simple, transparent and standardised" (STS) securitisations in the UK, as the draft regulations published on 5 July 2022 seek to extend this temporary...more
On 5 October 2021, some good news for the Australian securitisation market came from the EU following a decision by the Council (linked here) to recognise that Australia has implemented all the necessary tax reforms (in...more
On 16 December 2020, the Council of the European Union published final compromise proposals for a package of measures dubbed the “Capital Markets Recovery Package”, these were adopted by the European Parliament’s Committee on...more
The PRA’s policy relating to the implementation of the Securitisation Regulation is relevant to PRA-authorised firms subject to the CRR and Capital Requirements Directive IV (together CRR firms) and PRA-authorised Solvency II...more