EU Securitisation Framework Needs Stronger Reforms

Brussels, Belgium; May 5, 2026—The Investment Company Institute (ICI) released the following statement after the European Parliament’s ECON Committee adopted a position on the EU securitisation framework today. The committee made progress but has not yet delivered the level of reform needed to meaningfully revive Europe’s securitisation market or support the objectives of the Savings and Investments Union (SIU).

While the Parliament’s and the Council’s positions have improved the initial framework, neither fully addresses the core features that continue to discourage investor participation. As a result, key barriers that have constrained the market for much of the past decade will remain largely in place.

ICI acknowledges the Parliament has moved away from rigid, prescriptive disclosure templates and offered additional flexibility for UCITS to invest in securitisations. Without further changes to due diligence obligations and the sanctions regime, continued complexity and legal uncertainty will limit the practical impact of these steps.

“The overall package does not yet fully reflect the scale of reform needed to support a deeper and more competitive market, despite some progress made. Trilogues can deliver targeted improvements that address remaining barriers and provide greater legal certainty for investors,” said Tracey Wingate, ICI Chief Global Affairs Officer. “Getting this right is critical if Europe is to make full use of securitisation as part of a broader strategy to mobilise capital and support long term growth.”

The trilogue phase of negotiations will be pivotal to shaping whether the framework ultimately delivers on its objectives. ICI will continue to engage constructively with the European Parliament, the Council and the European Commission during trilogue negotiations, focusing on proportionate, investor focused solutions that support a well functioning securitisation market.