Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Przegląd unijnego rynku sekurytyzacji

ESMA50-524821-2908

21 September 2023

ESMA TRV Risk Analysis

The EU securitisation market – an overview

Summary

This article provides an overview of the EU securitisation market based on the data ESMA receives under Regulation (EU) 2017/2402 (securitisation regulation, or SECR). The SECR requires the reporting of public securitisation data, including on underlying exposures and investor reports, through registered securitisation repositories from 30 June 2021.

Overall, the size of the European securitisation market has decreased significantly since the Global Financial Crisis which at the end of 2010 amounted to EUR 2tn for ABS, CDO and MBS. At the end of 2022, there were 390 individual securitised products outstanding in the EU as reported to the registered securitisation repositories, amounting to EUR 540bn. 54% of these outstanding amounts were linked to residential mortgages, followed by automobile loans (16%), loans to SMEs (15%) and consumer loans (12%). 86% of the outstanding was...