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Industry Take Further Steps Toward Improving Transparency

2 July, 2008

Available Documents

1. Press release

2. Executive Summary of the Ten Industry Initiatives to Improve Transparency in the Securitisation Market (dated 2 July 2008)

3. Documents relating to the initiative on Increasing Transparency in the Reporting of
Securitisation Exposures under the Capital Requirements Directive Pillar 3 (Association
leads: EBF, LIBA, ESBG, EACB, EAPB)


a. CRD Pillar 3 letter to EU Commissioner McCreevy dated 30 June 2008
b. Consultation Paper on Industry Good Practice Guidelines on Pillar 3 Disclosure Requirements for Securitisation (includes the Pillar 3 Disclosure Questionnaire and Survey Results) dated 30 June 2008


4. Documents relating to the initiative on Increasing Transparency in Securitization
Market Activity - New Securitisation Data Report (Association leads: ESF, CMSA, ICMA,
SIFMA,)


a. Letter to EU Commissioner McCreevy dated 25 June 2008
b. ESF Securitisation Data Report – Q1:2008 


5. Letter to EU Commissioner McCreevy dated 25 June 2008 regarding documents relating to Issuer and Investor Transparency Initiatives
    Issuer and Investor Transparency Initiatives, a full document containing all of the following items:


a. Code of Conduct on Disclosure in the ABCP Market, Final Version June 2008
(Association Leads: ICMA, ESF)
b. Legal Considerations on Disclosure in ABCP Transactions, by Mayer Brown
International LLP (draft June, 2008)
c. Review of the EU ABCP Market, Structures, Reporting Practices and Investor
Considerations
d. Recommendations of Investor Working Group on Pre- and Post-Issuance Disclosure
for EU RMBS and ABS (Draft 8 June, 2008)
e. Progress Report on Term RMBS and ABS Issuer/Manager Disclosure and
Transparency Principles (Draft June 2008) (Association Lead: ESF, SIFMA)
f. Progress Report on CMBS Issuer Disclosure and Transparency Principles
(Association Lead: CMSA)
g. Directory of Links to EU RMBS Issuer Websites (Association lead: ESF)
h. Directory of Links to EU CDO Collateral Manager Websites (Association lead: ESF)
i. Legal Survey of Term Securitisation Public Disclosure Practices for Various Asset
Classes in Europe, by Clifford Chance (June 2008)
j. Term Securitisation Disclosure Practices - Business Survey Snapshot of Public
Reporting and Credit Disclosure in EU Structured Finance, By Deutsche Bank (Draft
June 2008)
k. Term Credit Card Disclosure Practices - Business Survey of Reporting Standards in
EU Credit Card ABS Transactions, by RBS (June 2008)
l. Term Securitisation Summary of Legal Considerations on Disclosure, by Allen &
Overy (Preliminary draft June 2008)
m. Questionnaire for Development of Standardised Definitions for RMBS (Association
lead: ESF)
n. Questionnaires for Development of Standardised Definitions for CMBS (Association
leads: CMSA, ESF)
o. Progress Report on Investment Industry Principles for Structured Credit Assessment
and Credit Valuations


6. Summary of European Industry Commitments to the European Commission Regarding Transparency in the European securitization Market (letter dated 8 February, 2008)