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Amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions as regards requirements for securitisation exposures

2025/0825(COD)·10th term·ECON·COD - Ordinary legislative procedure (ex-codecision procedure)·In progressAwaiting Parliament's position in 1st reading
Subjects: Securities and financial markets, stock exchange, CIUTS, investments · Banks and credit · Insurance, pension funds · Financial services, financial reporting and auditing · Financial supervision
Rapporteur (the Member appointed to lead Parliament's work on this text): SEEKATZ Ralf (EPP)
Summary

These amendments revise Regulation (EU) No 575/2013 on prudential requirements for credit institutions regarding securitisation exposures. Some warn that the proposal deviates from standards set after the 2008 financial crisis and could weaken capital requirements and financial stability, citing the Draghi report of 9 September 2024 and noting the EU held around EUR 300 billion in outstanding synthetic securitisations at end-2023, roughly half the global market. Technical amendments rework risk-weight floors, the p-factor, senior securitisation position criteria, attachment points, and formulas using KIRB, KA, WAL, LGD and CQS across SEC-IRBA, SEC-SA and SEC-ERBA, with references to the Basel Committee framework, Regulation (EU) 2017/2402, STS and non-STS treatment, and an EBA report to monitor the securitisation market.

Procedure timeline

  1. Committee amendments tabled
    6 Feb 2026
  2. Plenary vote — Adopted
    21 May 2026 · On a decision to open negotiations with the Council on the text
  3. In progress — not yet concluded
251
Amendments
distinct, in window
36
Members
tabled at least one
1
Committee
6 Feb 2026
Dates

Plenary votes

1 roll-call votes

In plenary, Parliament usually votes in steps: first on amendments to the text (sometimes split into parts, so Members can accept one half of a sentence and reject the other), then on the text as a whole. The “main vote” is the one that adopts or rejects the text itself. Each vote below shows exactly which step it was. How voting works →

  1. 21 May 2026Main voteAdopted
    On a decision to open negotiations with the Council on the text
    Official label: Décision d'engager des négociations interinstitutionnelles · what was voted ↗
    294 for192 against90 abstentions141 did not vote
    For
    Against
    Abst.

    Click a group to see each Member’s position.

Vote data: HowTheyVote.eu (ODbL, attribution) / European Parliament · roll-call votes only

Statistical baseline — not a forecast

How groups usually vote on similar files

Based on 117 past main roll-call votes on ECON-responsible procedures, Jul 2019 → 2026-07-25.

If every group voted at its historical rate, with today’s seats: ≈70% of expressed votes in favour.

Seat-weighted baseline over 711 of 711 seats · how often this method is right →

EPPusually FOR95% FOR over 18,571 votes
S&Dusually FOR91% FOR over 14,518 votes
Renewusually FOR94% FOR over 10,224 votes
Greens/EFAusually FOR72% FOR over 7,251 votes
ECRusually FOR50% FOR over 7,189 votes
The Leftusually AGAINST31% FOR over 3,993 votes
Patriotsusually AGAINST24% FOR over 1,875 votes
IDusually AGAINST33% FOR over 5,118 votes
ESNusually AGAINST9% FOR over 579 votes
Non-attachedusually FOR54% FOR over 3,864 votes

Statistical baseline from past roll-call votes; not a forecast. · roll-call votes only

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Official amendment documents

PE782.501 ↗PE784.311 ↗

Connections

Related procedures
Amending Regulation (EU) 2017/2402 on securitisation and a specific framework for simple, transparent and standardised securitisation
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Corporate governance in financial institutions
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Prudential requirements for credit institutions and investment firms
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Capital Requirements Regulation: adjustments in response to the COVID-19 pandemic
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96amendments

See these connections as a navigable graph — and walk from there to anything else.

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Full record

Members who amended this procedure

36 Members · by amendment count
1
Eero HEINÄLUOMA
Eero HEINÄLUOMA
Socialists & Democrats · 🇫🇮 Finland
56(4 solo)
2
Nikos PAPANDREOU
Nikos PAPANDREOU
Socialists & Democrats · 🇬🇷 Greece
52
3
René REPASI
René REPASI
Socialists & Democrats · 🇩🇪 Germany
52
4
Jonás FERNÁNDEZ
Jonás FERNÁNDEZ
Socialists & Democrats · 🇪🇸 Spain
52
5
Gilles BOYER
Gilles BOYER
Renew Europe · 🇫🇷 France
44
6
Stéphanie YON-COURTIN
Stéphanie YON-COURTIN
Renew Europe · 🇫🇷 France
44
7
Billy KELLEHER
Billy KELLEHER
Renew Europe · 🇮🇪 Ireland
44(1 solo)
8
Marco SQUARTA
Marco SQUARTA
European Conservatives & Reformists · 🇮🇹 Italy
39
9
Mariateresa VIVALDINI
Mariateresa VIVALDINI
European Conservatives & Reformists · 🇮🇹 Italy
39
10
Denis NESCI
Denis NESCI
European Conservatives & Reformists · 🇮🇹 Italy
39
11
Giovanni CROSETTO
Giovanni CROSETTO
European Conservatives & Reformists · 🇮🇹 Italy
39
12
Francesco VENTOLA
Francesco VENTOLA
European Conservatives & Reformists · 🇮🇹 Italy
39
13
Auke ZIJLSTRA
Auke ZIJLSTRA
Patriots for Europe · 🇳🇱 Netherlands
25(25 solo)
14
Marie TOUSSAINT
Marie TOUSSAINT
Greens / EFA · 🇫🇷 France
22(22 solo)
15
Markus FERBER
Markus FERBER
European People's Party (EPP) · 🇩🇪 Germany
16(16 solo)
16
Tomáš KUBÍN
Tomáš KUBÍN
Patriots for Europe · 🇨🇿 Czechia
14(13 solo)
17
Ralf SEEKATZ
Ralf SEEKATZ
European People's Party (EPP) · 🇩🇪 Germany
9(9 solo)
18
Marco FALCONE
Marco FALCONE
European People's Party (EPP) · 🇮🇹 Italy
6
19
Angelika WINZIG
Angelika WINZIG
European People's Party (EPP) · 🇦🇹 Austria
4(4 solo)
20
Fulvio MARTUSCIELLO
Fulvio MARTUSCIELLO
European People's Party (EPP) · 🇮🇹 Italy
4
21
Christophe GOMART
Christophe GOMART
European People's Party (EPP) · 🇫🇷 France
3(3 solo)
22
Regina DOHERTY
Regina DOHERTY
European People's Party (EPP) · 🇮🇪 Ireland
3(3 solo)
23
Isabel BENJUMEA BENJUMEA
Isabel BENJUMEA BENJUMEA
European People's Party (EPP) · 🇪🇸 Spain
2
24
Fernando NAVARRETE ROJAS
Fernando NAVARRETE ROJAS
European People's Party (EPP) · 🇪🇸 Spain
2
25
Siegfried MUREŞAN
Siegfried MUREŞAN
European People's Party (EPP) · 🇷🇴 Romania
2

The amendments, in full text

251 amendments

Every amendment as tabled — original text, proposed change and justification, with a link to the official PDF.

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