Alerts Archive

LMA co-signs joint statement on investors' views on the EU Securitisation Review

On 20 November 2025, the LMA co-signed a joint statement setting out concerns from the perspective of investors on the European Commission's proposed reforms regarding the EU securitisation framework. The joint statement sets out the shared views of the LMA and six other trade associations (AFME, AIMA, EFAMA, IACPM, ICMA and MFA).  

While supportive of the underlying intents behind the ongoing review, the associations are concerned that certain measures currently under discussion risk discouraging investment in securitisations, thereby undermining the Commission’s stated objective of growing the market. We collectively call on co-legislators to make improvements that will enable demand for securitisation in Europe to grow in the context of a robust and resilient regulatory framework.

In particular, the joint statement highlights the following:

• The proposed reforms limit global market access, with fewer opportunities for EU savers and businesses to invest in non-EU securitisations.

• Investors are deterred by disproportionate monetary sanctions.

• Reclassifying private securitisations as public securitisations increases reporting burden on these transactions, which are substantially private in nature or are not intended to fall within the EU securitisation framework.

• Reporting of private securitisations to repositories increases costs with no meaningful benefit.

Click here to view the full statement.