European DataWarehouse Launches Reporting Solution for Upcoming Securitisation Regulation
Summary
FRANKFURT, Germany--( BUSINESS WIRE )--European DataWarehouse (ED) today announced it has launched a new reporting solution that will enable interested parties to prepare and submit ABS loan-level data, investor report data and relevant documentation in compliance with the disclosure requirements of Article 7 of the Securitisation Regulation (EU) 2017/2402, which applies from 1 January 2019.The reporting solution is integrated into EDitor, ED’s web application for the seamless analysis and upload of loan-level data (LLD).The first release of the reporting solution will be available starting 1 October 2018 and will enable users to create test deals and upload test files in line with the requirements outlined in the European Securities and Markets Authority (ESMA) templates published on 22 August 2018 as part of the Securitisation Regulation (EU) 2017/2402.Christian Thun, CEO of ED stated: “ European DataWarehouse is determined to become the first securitisation repository under the regulatory framework.Since its inception as an initiative by the leading participants of the European securitisation market, ED has collected LLD and relevant documentation for more than 1,200 transactions.