United Kingdom: Securitization & Structured Finance

On 18 May 2026, the Financial Conduct Authority (“FCA”) and the Bank of England (“BoE”), including the Prudential Regulation Authority (“PRA”), published a joint call for input (“Call for Input”)...

The European Commission's 2025 reform package marks the most consequential recalibration of the EU securitisation framework since 2019.

Tokenisation, stablecoins and institutional decentralised finance are transitioning from niche concepts to central elements of financial market infrastructure discussions. As institutions examine blockchain-based systems for funds, treasury operations, and collateral management, the critical question shifts from theoretical utility to practical implementation—whether new digital infrastructure can deliver the legal certainty, governance standards, and operational resilience that institutional markets

This briefing, which is relevant to the prudential treatment of securitisations in general (traditional and synthetic) by UK PRA regulated banks, covers the securitisation-related content...

A&M's PAG team was the sole arranger for Aareal Bank AG's (Aareal) first synthetic significant risk transfer (SRT) securitization referencing a €2 billion commercial real estate (CRE) portfolio partnering with funded and unfunded investors.

On 9 October 2025, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published policy statements PS25/13 and PS16/25 respectively...

Katten's UK Financial Insights newsletter highlights key updates for financial markets, including the UK's securitisation framework, EU-US Data Privacy Framework review, DORA's impact, tax implications from the Autumn Budget, employment rights reforms, and commercial lease break clauses.

In Policy Statement 24/14 ("PS 24/14") the UK's Financial Conduct Authority ("FCA") has set out a "simpler and more timely post-trade transparency regime" for bonds and certain derivative transactions.

The UK Securitisation Regulations 2024 and new rules from the FCA and PRA came into effect on 1 November 2024, replacing the EU Securitisation Regulation. The updated rules, outlined in the FCA's Securitisation Sourcebook and PRA Rulebook, aim to align with the UK's Smarter Regulatory Framework for financial services.