+62. For the purposes of determining whether a servicer has expertise in servicing exposures of a …

62. For the purposes of determining whether a servicer has expertise in servicing exposures of a …

For the purposes of determining whether a servicer has expertise in servicing exposures of a similar nature to those securitised in accordance with Article 26c(8) of Regulation (EU) 2017/2402, both of the following should apply:

  • a. the members of the management body of the servicer and the senior staff, other than members of the management body, responsible for servicing exposures of a
similarnature to those securitised should have adequate knowledge and skills in

the servicing of exposures similar to those securitised;

  • b. any of the following principles on the quality of the expertise should be taken into account in the determination of the expertise:
i.the role and duties of the members of the management body and the senior staff and the required capabilities should be adequate;
ii.the experience of the members of the management body and the senior staff gained in previous positions, education and training should be sufficient;
iii.the involvement of the members of the management body and the senior staff within the governance structure of the function of servicing the exposures should be appropriate;
iv.in the case of a prudentially regulated entity, the regulatory authorisations or permissions held by the entity should be deemed relevant to the servicing of similar exposures to those securitised.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/