To further strengthen the securitisation process the EU Credit Rating Agency (CRA) regulations improves the transparency and accountability of rating agencies. Finally, the capital requirements related to securitisations have been reformed to ensure that the parties involved in the process are sufficiently protected against potential shortcomings and failures.
Starting next year, what is more, a bank’s senior creditors can also be “bailed-in”. Deposits up to € will continue to be fully protected by the national guarantee schemes, which have been reviewed at European level to harmonize levels of coverage and to ensure that they have adequate and readily available funds.