Learning objectives

1. Identify the structures, types, and main actors in securitisation.
2. Analyse potential risks in securitisation.
3. Review the international regulatory framework on securitisation, defining main actors, practices, and challenges.
4. Illustrate the main components of the EU regulatory framework for securitisation, especially STS rules.
5. Introduce recent developments in On Balance Sheet Securitisations and their STS eligibility.
6. Address capital relief rules for originator banks and insurance companies, and developments in Significant Risk Transfer rules.
7. Discuss capital requirements for banks and insurers investing in securitisation positions.

Analyse current trends in Non-Performing Loan (NPL) securitisation and apply theory to practical scenarios.