The European Banking Authority (EBA) has published a discussion paper on simple, standard and transparent securitisations. Whilst the EBA continues its work to determine the conditions to identify simple, standard and transparent products within the securitisation market, the discussion paper contains preliminary views on defining the three pillars: simplicity, standardisation and transparency. The EBA expects that these, together with criteria on the credit quality of the securitised assets, should shape a new class of securitisation products that are prudentially sound and may become subject to specific regulatory recognition.