欧盟就全面改革该集团证券化市场规则达成临时协议，此举将释放数十亿欧元资金，用于国防和气候适应等关键领域的融资。
The European Union reached a provisional agreement to overhaul rules governing the bloc’s securitizations markets, a deal that would unleash billions of euros to finance initiatives in key areas such as defense and climate resilience.
政策制定者达成政治层面的妥协，推进一项计划，允许银行释放更多资本向家庭、企业和基础设施项目放贷。该框架将降低银行对低风险交易的资本要求，并减轻市场参与者的行政负担。该框架仍需最终敲定并正式批准。
Policymakers reached a political-level compromise to push ahead a plan that would allow banks to free up more capital to lend to households, firms and infrastructure projects. The framework would reduce banks’ capital requirements for low-risk deals and reduce administrative burden for market participants. The framework still needs to be finalized and formally endorsed.
持有欧盟轮值主席国职务的爱尔兰政府代表在声明中表示：“证券化在我们的金融生态系统中发挥着至关重要的作用，能够释放资本并支持放贷。我们的目标很简单：在不损害金融稳定、投资者保护或市场完整性的前提下，支持市场复苏。” 该举措是欧盟储蓄与投资联盟的一部分，这一改革方案旨在更高效地引导金融资产，并通过为关键行业提供资金来刺激增长。
“Securitisation plays a vital role in our financial eco-system by freeing up capital and supporting lending,” a representative for the Irish government, which holds the EU’s rotating presidency, said in a statement. “Our objective here is simple: support market revival without compromising financial stability, investor protection or market integrity.”The initiative is part of the EU’s savings and investment union, a package of reforms that aims to channel financial assets more efficiently and spur growth by funding key industries.
在地缘政治不确定性、高能源价格、政府赤字以及对债务驱动的人工智能繁荣的担忧推高信贷市场风险溢价之际，这个27国集团正在推进证券化市场改革。
The 27-country bloc is going ahead with reforms to the securitization markets at a time when geopolitical uncertainty, high energy prices, government deficits and worries over the debt-fueled AI boom are pushing up risk premiums across credit markets.
根据欧洲金融市场协会的数据，截至3月底，欧洲证券化产品未偿还余额总计达1.295万亿欧元（约合1.45万亿美元），其中包括担保贷款债券。虽然这一数字同比增长了6.3%，但仍仅占美国证券化市场的一小部分。
Europe had a total of €1.295 trillion ($1.45 trillion) of securitizations outstanding, including collateralized loan obligations, at the end of March, according to the Association for Financial Markets in Europe. While that figure had grown 6.3% in a year, it is still a fraction of the US securitization market.
推动证券化市场发展是前欧洲央行行长马里奥·德拉吉为提升该集团经济竞争力而提出的一系列措施之一。证券化规则的审查工作始于2024年。
Boosting the securitization market is part of measures outlined by former European Central Bank President Mario Draghi to increase the bloc’s economic competitiveness. The review of the securitization rules started in 2024.