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Email The European Banking Authority (“EBA”) has published a Consultation Paper on draft Guidelines on the STS criteria for on-balance-sheet securitisations (“Draft Guidelines”), comments on which are due by 7 July. Developed in accordance with a mandate set out at Article 26 of the Securitisation Regulation (Regulation (EU) 2017/2402), the Draft Guidelines are intended to provide "a single point of consistent interpretation" of the criteria on simplicity, standardisation and transparency (“STS”) as well as on the credit protection agreement, third-party verification agent and synthetic excess spread applicable to https://www.cadwalader.com/resources/articles/the-european-banking-authority-publishes-draft-guidelines-on-sts-criteria-for-on-balance-sheet-securitisations