ESMA provides overview of EU securitisation markets

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Summary

The European Securities and Markets Authority (ESMA) has published a study on the EU securitisation market, highlighting a significant decline in the market size since 2010. As of December 2022, there were 390 individual securitised products outstanding, worth EUR 540bn, with 54% linked to residential mortgages. The top five EU securitisation markets are FR, DE, IT, ES, and NL, accounting for 86% of the outstanding amounts. The report also provides data on Simple, Transparent, and Standardised (STS) securitisations, with 586 non-ABCP and ABCP STS notifications as of December 2022. The study focuses on public securitisation deals issued after 2019, with a larger market size estimated to include pre-2019 securitisations.