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Eu Securitization

Reform of the EU Securitisation Framework

July 15, 2025 Jones Day Publications

On 17 June 2025, the European Commission (the "Commission") published proposed measures to revitalise the securitisation framework in the European Union ("EU"), aiming to make it simpler and more effective.

The current framework—introduced in 2019 to enhance transparency and market confidence following the global financial crisis—has faced criticism from market participants for being overly conservative, costly, or burdensome, thereby hindering the development of a healthy securitisation market in the EU. The Commission reached similar conclusions in its 2022 review of the existing framework and the public consultation it conducted in 2024.

In response, the Commission has proposed targeted changes designed to address these issues and stimulate the EU securitisation market, without increasing systemic risk. In our "Reform of the EU Securitisation Framework" series, we explore the key elements of the Commission’s proposals in more detail.

July 2025
Reform of the EU Securitisation Framework—Part 1: STS Label Extended to Unfunded Credit Protection

 

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