21
May
2026
Watch
Amending Regulation (EU) 2017/2402 on securitisation and a specific framework for simple, transparent and standardised securitisation (A10-0138/2026 - Ralf Seekatz) (vote)
Mr President, even if the initial objectives were clear and shareable – that is to revive the securitisation market, during the legislative process we faced an approach that was more ideological than real. European securitisation has default rates lower than those of sovereign corporate and financial bonds. Nevertheless, they continue to be treated as a risky asset because of the financial crisis in which these instruments triggered the American – not the European – crisis of 2007-2008. Until we overcome this fear of putting our financial stability at risk, we will not truly be able to speak about competitiveness and revitalising these markets. Having said that, the ECR has decided to abstain on this mandate, in order to improve this document as much as possible during the trilogues.