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The European Banking Federation has responded to the targeted consultation of the European Commission on the functioning of the EU securitisation framework. For the securitisation market to develop, any legislative proposal under the European Commission’s Capital Markets Union Action Plan will need to address the prudential treatment and the reporting obligations. Particular points for attention are the capital non-neutrality, the significant risk transfer process, the liquidity treatment of securitisations, and disclosure obligations under the ESMA templates...