European Union: Securitization & Structured Finance

Die Reform des europäischen Verbriefungsmarktes enthält richtige Ansätze, doch die erwartbaren Änderungen an den Verordnungen sind zu zaghaft. Mit dem Eintritt in das Trilog-Verfahren zwischen Kommission, Rat und Europäischem Parlament erreicht die Reform des europäischen Verbriefungsrechts ihre entscheidende Phase.

Ireland's EU Council Presidency from July to December 2026 will focus on advancing critical financial services legislation affecting the Irish funds industry. Key priorities include finalizing the Markets Integration and Supervision Package, negotiating SFDR 2.0 reforms, and reforming the EU securitisation framework, with significant implications for fund management companies and their operational frameworks.

Ireland's upcoming EU Council Presidency from July to December 2026 will prioritize financial services competitiveness through advancing capital markets integration, the Savings and Investments Union, and regulatory simplification. The six-month term arrives amid geopolitical uncertainty and sustained debate about Europe's international competitiveness, positioning Ireland to shape the pace of critical legislative files including the digital euro, securitisation reform, and cross-border market supervision.

On 20 May 2026, the European Commission published a targeted consultation on the review of Regulation (“EU”) 2023/1114 on Markets in Crypto-Assets (“MiCA”).

US private fund sponsors trend towards the use of Luxembourg access points in their fund complexes to tap into the EU investor market. Such an access point qualifies from an EU regulatory perspective...

Private credit funds are nowadays key providers of credit to businesses and have taken over the role of traditional banks.

On 10 October 2025, ESMA published a statement relating to the application of certain provisions of MiFIR and the MiFID II Directive in light of amendments made under MiFIR II and the MiFID III Directive.

The Council and the Parliament have published their respective compromise positions and draft rapporteur reports on the Commission's proposals...

The European Commission published a formal legislative proposal on 17 June 2025 in connection with the current EU securitisation framework...