Overview
The policy context concerns the legislative file 2025/0825(COD), a proposal to amend Regulation (EU) No 575/2013 on prudential requirements for credit institutions, specifically regarding securitisation exposures. The procedure is ongoing and currently at the European Parliament's first reading, awaiting a committee decision. This analysis is based on the Commission's proposal, the European Parliament's committee report and amendments (ECON-AM-784311), and a procedural narrative. The legislative initiative is technically a Commission proposal, but the European Parliament's modifications are extensive, with only two of the original 53 articles retained unchanged. The Parliament's amendments, comprising 51 articles, are dominant, with a majority traceable to individual MEPs rather than committee consensus.
Legislative timeline
The file was referred to the European Parliament's committee on 8 September 2025. The committee report was tabled on 11 December 2025. A key procedural milestone occurred on 6 February 2026, when committee amendments were tabled for the first reading. The Council has also begun its work, with a record of its engagement dated 19 December 2025. The next steps in the parliamentary procedure are pending.
Institutional handling
The lead committee in the European Parliament is the Committee on Economic and Monetary Affairs (ECON). Within the European Commission, the responsible department is the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (FISMA), under Commissioner Maria Luís Albuquerque. The Council configuration handling the file is the Economic and Financial Affairs Council (ECOFIN).
Stakeholder reactions
Stakeholder engagement on this file has been active, with 54 documented meetings held between stakeholders and EU institutions. Of these, 50 were with Members of the European Parliament, one with a Commissioner, and three with European Commission staff. The outreach involved 39 distinct organisations, with the most frequently engaged stakeholders being Deutsche Bank AG, the Association for Financial Markets in Europe, the European Savings and Retail Banking Group, PGIM, and UniCredit. On specific policy topics, one stakeholder, SCHWENK Latvija SIA, expressed a position in a meeting: on the subject of carbon capture, storage and utilisation, the stakeholder indirectly favoured incentives by discussing optimal methods for capturing and storing pollution. On the topic of EU industrial funding, the same stakeholder took a position opposing a direction toward larger EU funding pots.
Media coverage
No data on media coverage is provided for this file.