BIS – All (News/Publications)

Denis Beau: The Regulatory Framework for Securitisation

Denis Beau, representing Banque de France and ACPR, highlighted the strategic role of asset‑backed securities (ABS) in the euro‑area monetary‑policy framework, noting they account for roughly 30% of collateral despite representing less than 5% of eligible securities. He stressed that a broader range of ABS will be accepted by the Eurosystem from November 2026, enhancing liquidity and policy transmission. Beau also advocated for a European Green Bond label and standardized climate metrics to unlock green ABS potential for the ecological and digital transitions. Finally, he supported the European Commission’s draft reforms, calling for simplified, proportionate rules while preserving strong safeguards.