The European Commission (the “Commission”) has now adopted and published the draft regulatory technical standards (the “Draft RTS”) in relation to the transparency requirements under the EU Securitisation Regulation (the “Securitisation Regulation”). The Draft RTS are based on the draft
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 13
Seventh Circuit issues surprising ruling on sufficiency of UCC collateral description
In a surprising development, on September 11, 2019 the Seventh Circuit Court of Appeals issued a ruling on appeal reversing a lower bankruptcy court decision and found that a UCC financing statement that contained no collateral information whatsoever, but simply…
Mayer Brown’s 5th Annual Supply Chain and Working Capital Finance Seminar
Please plan to join us on Tuesday, October 15, as Mayer Brown lawyers from the United States, Europe and Asia and distinguished outside panelists discuss the latest business and legal developments in the supply chain finance market.
Now in its…
Capital Relief Trades: Structuring Considerations for Synthetic Securitizations (Part two of a three part series providing a U.S. and U.K perspective)
We continue our series on capital relief trades (CRTs) with a look at issues that arise under the Volcker Rule and U.S. risk retention rules in connection with structuring CRTs in the U.S.
Please be on the look-out for Part…
Testing the waters for all – New Rule 163B expands TTW to all issuers
On September 26, 2019, the US Securities and Exchange Commission extended the ability to test the waters to all issuers by adopting the highly anticipated new Rule 163B under the Securities Act of 1933 (the Securities Act). The new rule…
Structured finance bulletin – Fall 2019
By James J. Antonopoulos, Amanda L. Baker, David S. Bakst, Linda E. Boss, Todd N. Bundrant, Jennifer J. Carlson, Francis L. Doorley, Jeffrey R. Favitta, François-Régis Gonon, Robert F. Gray, Lawrence R. Hamilton, Kevin Hawken, Michael L. Hermsen, Carol A. Hitselberger, Steven M. Kaplan, Andreas Lange, Ori Lev, Cory R. Miggins, Monique J. Mulcare, Joanna C. Nicholas, Lindsay M. O'Neil, Ariel Ramos, Eric M. Reilly, Laura D. Richman, Stephanie C. Robinson, Susannah L. Schmid, ChenYang Sia, Ryan Suda, David A. Tallman, Sagi Tamir & Angela M. Ulum
In this fall edition of our Structured Finance Bulletin, we discuss structuring and legal considerations for multi-jurisdiction trade receivables financing transactions as well as the latest innovations in CLO structures.
We also revisit the European Union securitization regulations and…
Capital Relief Trades: Structuring Considerations for Synthetic Securitizations (Part one of a three part series providing a US and UK perspective)
Today, we are kicking off a three part series discussing capital relief trades (CRTs)—often referred to as synthetic securitizations—which are used by banks to transfer risk on reference pools of assets to non-bank investors, reduce the risk weight of assets…
Mayer Brown partner speaking at ABS East 2019
By Ryan Suda
Mayer Brown is an associate sponsor of ABS East 2019 at the Fontainebleau Miami Beach, and Mayer Brown partner Ryan Suda will be presenting a panel at 2:50 p.m. on September 23rd entitled “Deciphering Emerging CLO Structures”.
Topics discussed will…
2019 blended benefits: LIBOR replacement provisions in CLOs
Transactions in the collateralized loan obligation (“CLO”) market have generally included some form of LIBOR replacement provisions for over a year, stemming from the announcement in July 2017 by Andrew Bailey, the head of the UK Financial Conduct Authority (“FCA”),…
Proposed tax regulations to new income acceleration rule address debt instruments
As you may remember, there were a lot of changes to the U.S. tax law at the end of December 2017. Those changes were enacted by the so-called Tax Cuts and Jobs Act. One of those changes was the addition…