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Philippe Steffens

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Philippe Steffens heads Baker McKenzie's Global Securitisation Practice and the Banking & Finance Practice in Amsterdam. He is a member of the European Banking & Finance Steering Committee. Philippe has been consistently recognized as a leading lawyer for securitisation and structured finance in Chambers Global, Chambers Europe, the Legal 500 and IFLR. Philippe joined the Amsterdam office as a partner in 2006. His clients are mainly financial institutions, asset managers, hedge funds and other alternative investment firms.

On 13-15 June 2023, the European securitization industry gathered in Barcelona for the 27th edition of the Global ABS conference. With the expansion of market products on offer and updated regulation coming into force in the near term, there is expected to be plenty of opportunities and long-term growth for securitization as a funding tool. The Baker McKenzie securitization teams across Europe have put together the following ‘key takeaways’, based on our discussions with market participants, general sentiment and some excellent panel sessions.

The financial markets are experiencing a significant amount of disruption for which there is no precedent. However, in these difficult times it is important that originators, sponsors and securitisation special purpose entities (SSPEs) do not lose sight of their regulatory obligations under Regulation (EU) 2017/2402 (Securitisation Regulation). This short briefing…