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+Article 31 3. |
Article 31 3.Without prejudice to paragraph 2 of this Article and to the report referred to in Article 44, the ESRB shall, in close cooperation with the ESAs, publish by 31 December 2022 a report assessing the impact of the introduction of STS on-balance-sheet securitisations on financial stability, and any potential systemic risks, such as risks created by concentration and inter-connectedness among non-public credit protection sellers. The ESRB report referred to in the first subparagraph shall take into account the specific features of synthetic securitisation, namely its typical bespoke and private character in financial markets, and examine whether the treatment of STS on-balance-sheet securitisation is conducive to overall risk reduction in the financial system and to better financing of the real economy. When preparing its report, the ESRB shall use a variety of relevant data sources, such as:
(a)
data collected by competent authorities in accordance with Article 7(1);
(b)
the outcome of reviews carried out by competent authorities in accordance with Article 30(2); and
(c)
data held in securitisation repositories in accordance with Article 10. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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