Besides the informal ESMA consultation on disclosure templates to which we recently contributed (in anticipation of a formal consultation in due course), we have begun to focus on the UK’s approach to securitisation regulation. Last week we and member representatives joined an FCA roundtable for securitisation “manufacturers”, where one of our contributions was to plead for a more holistic and strategic approach to real estate finance supervision that sees CRE debt securitisation in that context, and not merely as one small, peculiar corner of the securitisation market. More immediately, a key question for our sector will be how the UK decides to draw the line between public and private transactions.
We are holding a hybrid meeting with A&O on the afternoon of Monday 27 March to take stock of what’s going on out there. If you have not been invited but would like to attend, please let Peter know.