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JC 2015 022 - Final JC Report on securitisation.pdf

Here are the key points summarized:

Securitization Task Force

Key Points

  1. Accounting Standards: Financial statements should be prepared in accordance with Regulation (EC) No 1606/2002 and IFRS.
  2. Frequency of Disclosure: Public disclosure of financial statements is required at least annually, semi-annually for listed companies, and quarterly for regulated financial institutions.
  3. No Stress Test Required: While no stress test is required, sensitivity analysis may be needed to calculate fair value or credit losses.
  4. General Requirements: Storage of financial information applies (normally 10 years) through an officially appointed national mechanism.

Let me know if you have any further questions!

Published: 2015-05-12 · Source: EBA

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