Read time: 2 minutes 40 seconds
The FCA announced on March 5, 2021 the future cessation and loss of representativeness of the LIBOR benchmarks. This news was expected, but its comprehensiveness is very welcome.
As a result, December 31, 2021 will
Structured Finance In Brief
Updates and analysis on current issues and topics faced by our structured finance lawyers
Structured Finance In Brief, published by Reed Smith LLP, focuses on legal developments and market trends in structured finance. The blog covers topics such as asset-backed securitization, debt finance, non-performing assets resolution, and financial regulatory issues. It also addresses sector-specific financing challenges, including aviation asset-backed securities and energy infrastructure funding. The blog provides insights into legal frameworks affecting structured finance transactions, risk management, and investment considerations. It serves as a resource for legal professionals and market participants interested in the intersection of finance, regulation, and asset management within structured finance.
Latest from Structured Finance In Brief - Page 4
2021: a critical year for LIBOR transition in India
Read time: 4 minutes 50 seconds
As well as ringing in the start of a hopefully brighter and better 2021, January also saw Indian banks testing the waters of LIBOR transition, with State Bank of India and ICICI Bank involved…
NPL Securitisation – time for this versatile instrument to shift up the gears!
Read time: 3 minutes
The term “NPL Securitisation” has been bandied around a lot recently, and for good reason given the hugely important role it can play in the non-performing loan (NPL) arena.
As banks begin to contemplate life after…
Lessons learnt from “The Missing Cryptoqueen”: has cryptocurrency regulation caught up?
Read time: 4 minutes
As terms like social distancing and the second wave have permeated our lives throughout the 2020 Covid-19 pandemic, people have been forced to adapt to the new normal. It hasn’t been all bad, and an unanticipated…
Navigating the NPL Securitisation maze
Read time: 4 minutes 25 seconds
NPL Securitisation is a term that is very much en-vogue at the present time. Although its rise to prominence can be attributed to a number of factors, in recent weeks the chief contributor has…
The tide has changed! Don’t wait – embrace NPL securitisation now!
Looking at the most recent data in the European Banking Authority quarterly Risk Dashboard (published on 5 October 2020), it becomes abundantly clear that COVID-19 is beginning to manifest itself in the NPL market with the cessation of the multi-year…
CMBS 2.0: Treatment of prepayment fees and the icing on the cake
Read time: 3 minutes 50 seconds
Fourteen years ago this September, I distinctly recall attending a conference hosted by the European CMSA that was focussed on the advent of CRE CDO’s. At the time, the emergence of these structures was…
CMBS 2.0 – Standardisation the fuel for exponential growth
Whether you are a supporter of using CMBS to finance commercial real estate or not, the simple fact is that it provides an efficient mechanism to transfer commercial real estate loan risk away from the banking sector, whilst at the…
India’s sovereign credit rating – stick or twist?
Read time: 3 minutes 15 seconds
In June 2020, three of the large global rating agencies – Moody’s Investors Service (“Moody’s”), Fitch Ratings (“Fitch”) and S&P Global Ratings (“S&P”) reviewed India’s sovereign credit rating. Interestingly, the agencies diverged in their…
It is time for CMBS to flourish
Read time: 2 minutes 20 seconds
The economic fallout of COVID-19 will be hugely significant for the European CMBS market, as a perfect testing environment has been created to truly examine the resilience and robustness of CMBS 2.0. Indeed, the…