Sekurytyzacja a europejskie standardy zarządzania płynnością banków

• Authors: Zombirt Jolanta

Title variants

EN

Securitization and European standards of liqudity managements in banks

• Languages of publication: PL

Abstracts

EN

This paper contains a description of a new so called liquidity coverage requirement and its possible relations with securitization positions in Europe. The author indicates that European securitization transactions performed significantly better during the financial crisis than American ones. Because of this fact they could be treated as an alternative channel to finance the real economy. The new regulations matter in this context, regulations designed with an aim to diminish the probability for similar crises in the future. One of the most important sets of regulations is the Capital Requirements Regulation (CRR) where the liquidity coverage requirement has been inserted. In LCR, for the first time in European rules, the advantages of securitization have been noticed so that certain securitizations are recognized as possible partial insurance in credit institutions against liquidity outflow during 30 calendar days. The research question is: could this recognition of securitization have – together with work performed by the ECB and European Commission – an influence on a recovery of securitization markets in Europe.

Keywords

PL

płynność; zarządzanie płynnością; aktywa płynne; przypływy i odpływy płynności; pozycje sekurytyzacji

EN

liquidity; liquidity management; liquid assets; inflows and outflows of liquidity securitisation positions

• Publisher: Bankowy Fundusz Gwarancyjny
• Journal: Bezpieczny Bank
• Year: 2015
• Issue: 1(58)
• Pages: 46-62

Contributors

author

Zombirt Jolanta

• Szkoła Główna Handlowa w Warszawie

References

• European Banking Authority, EBA Discussion Paper on simple, standard and transparent securitisation. Response to the Commission’s call for advice of December 2013 related to the merits of, and the potential ways of, promoting a safe and stable securitization market, EBA/DP/2014/02, 14 October 2014
• European Commission, Commission Delegated Regulation (EU) No.../.. of 10.10.2014 to supplement Regulation (EU) 575/2013 with regard to liquidity coverage requirement for Credit Institutions, Brussels, 10.10.2014, C(2014) 7232 final
• European Commission, Commission Staff Working Document. Impact Assessment, Accompanying the document: Commission Delegated Regulation to supplement Regulation (EU) 575/2013 with regard to liquidity coverage requirement for Credit Institutions, Brussels, 10.10.2014, SWD(2014) 349 final
• European Commission, Memo, Brussels, 10 October 2014
• EU seeks to relax securitisation rules, 17.02.2015 r., http://www.ft.com/intl/cms/s/0/28d63846-b6c7-11e4-95dc-00144feab7de.html?siteedition=uk#axzz3SBOD5fZC
• http://ec.europa.eu/polska/news/150218_unia_pl.htm