EBA consults on the creation of an STS framework for synthetic securitisations

The European Banking Authority (the "EBA") has recently launched a public consultation on its proposals to create a simple, transparent and standardised ("STS") framework for synthetic securitisations, as set out in its Draft Report on STS Framework for Synthetic Securitisation (the "Discussion Paper"). In this Legal Update we consider some of the key aspects of the Discussion Paper.