1. Competent authorities should assess if there are structural features in a transaction which …

Competent authorities should assess if there are structural features in a transaction which might undermine the claimed credit risk transfer to third parties, such as features like optional calls or other contractual arrangements which in case of traditional securitisations increase the likelihood that assets will be brought back onto the originator institution’s balance sheet or in case of synthetic securitisations increase the likelihood that the credit protection will be terminated before the transaction’s maturity.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.