The consultation by the Financial Stability Board (FSB) “on the effects of G20 financial regulatory reforms on securitisation” is the start of a global discussion on the review of the securitisation framework. We believe it has become an urgent matter, both in terms of the timing and the content, to holistically assess the steps taken to regulate securitisation since the financial crisis. We are convinced that a level playing field in terms of regulation will strengthen their contribution to financing the transformation.