As expected following yesterday’s action by the US Office of the Comptroller of the Currency,1 at today’s board meeting2 of the Federal Deposit Insurance Corporation (FDIC), the board proposed a rule to clarify Federal interest rate authority to address marketplace
Retained Interest
An Analysis of Structured Finance, Financial Assets and Related Topics
The Mayer Brown blog covers a broad spectrum of legal topics with a focus on financial services, banking and finance, lending, and private credit. It provides analysis and updates on regulatory developments, litigation, and transactional issues affecting sectors such as capital markets, corporate and securities law, cybersecurity and data privacy, and international trade. The blog also addresses industry-specific matters including fintech, insurance, private equity, and infrastructure projects. Mayer Brown's insights include discussions on legislative changes, compliance requirements, and risk management strategies relevant to financial institutions, corporations, and investors globally.
Latest from Retained Interest - Page 12
OCC proposes clarification of “Valid When Made” in response to Madden Case
The United States Office of the Comptroller of the Currency (OCC) has proposed a rule to clarify that when a national bank or savings association sells, assigns or otherwise transfers a loan, interest permissible prior to the transfer continues to…
California Court Holds that NY Choice of Forum Is Unenforceable
On October 31, 2019, in a lease dispute related to credit card processing equipment, a California appellate court held that the parties’ choice of New York forum for dispute resolution was unenforceable due to the existence of a pre-dispute waiver…
Capital Relief Trades: Structuring Considerations for Synthetic Securitizations (Part three of a three part series providing a U.S. and U.K perspective)
Navigating the European Rules and Regulations.
Synthetic securitization has had a rocky ride in Europe. 2004-2005 was the high watermark. The financial crisis almost killed off the market, before a gradual recovery began. In 2018, there were 49 European synthetic…
SEC seeks input on RMBS disclosure requirements
On October 30, 2019, SEC Chairman Jay Clayton announced that the SEC will review its RMBS asset-level disclosure requirements with “an eye toward facilitating SEC-registered offerings.” The announcement notes the absence of SEC-registered RMBS securitizations in recent years and seeks…
Industry and advocacy groups respond to proposed changes to FDIC’s securitization safe harbor rule
Legal Update: Regulatory technical standards in relation to transparency adopted by the European Commission
The European Commission (the “Commission”) has now adopted and published the regulatory technical standards (the “RTS”) in relation to the transparency requirements under the EU Securitisation Regulation (the “Securitisation Regulation”).
The Securitisation Regulation has been applicable since 1 January 2019…
Mayer Brown hosts successful 3rd annual Supply Chain and Working Capital Finance seminar in London
By Ravi Amin
On 22 October 2019, Mayer Brown’s supply chain and working capital finance team hosted its annual Supply Chain and Working Capital Finance seminar in London. Now in its third year, the seminar brought together key members of Mayer Brown’s supply…
Mayer Brown hosts successful 5th annual Supply Chain Finance Program
On October 15th, Mayer Brown’s supply chain finance team hosted its annual Supply Chain and Working Capital Finance seminar in New York. Now in its fifth year, the seminar brought together key members of Mayer Brown’s supply chain team from…
EBA Consults on its Proposal to Create STS Framework for Synthetic Securitisations
By Harjeet Lall
The European Banking Authority (the “EBA”) has recently launched a public consultation on its proposals to create a simple, transparent and standardised (“STS”) framework for synthetic securitisations, as set out in its Draft Report on STS Framework for Synthetic Securitisation…