The EBA presented its recommendations on an EU framework for qualifying securitisations at a public hearing in London. The European Commission had requested in 2014 the EBA to advise on criteria for identifying a prudentially sound securitisation market and its regulatory treatment. The EBA will deliver the opinion to the European Commission in early July. The hearing was intended to give advance information of its findings to market participants. The recommendations presented included: to carry out a holistic review of the regulatory framework for investment products; to create a framework for 'qualifying' securitisations; criteria for defining 'qualifying' term securitisations and ABCP securitisations; and re-calibration of the BCBS 2014 framework applicable to ‘qualifying’ securitisation positions.