Topic
Securitisation
464 published works
Securities Law Prof Blog
New Securities Law Articles in Print
The following law review articles relating to securities regulation are now available in paper format:Dhruv Chand Aggarwal, Summary of Mendes Hershman Student Writing Contest Prize Essay: Federalism, Indemnification, and the…
Consumer Finance Monitor
NY federal district court holds NBA preempts application of state usury law to securitized credit card receivables
A New York federal district court in Petersen v. Chase Card Funding, LLC held that the National Bank Act (NBA) preempted the plaintiff’s claims that the interest charged on his credit…
Retained Interest
California’s AB913 Permits Securitization for Recovery of COVID-19 Electric Utility Undercollections
In what we understand to be the first state law to do so, California’s Assembly Bill 913 (AB913), which was enrolled on September 4, 2020, amends Section 850 of the…
Retained Interest
Disclosure Technical Standards and Templates published in relation to the EU Securitisation Regulation
By Neil Macleod
On 3 September 2020, two regulations were published regarding the detailed disclosure requirements under the Securitisation Regulation (the "Disclosure Technical Standards"). These consist of regulatory technical standards concerning the information…
Global Regulation Tomorrow
Securitisation Regulation – Implementing and Delegated Regulations published in the OJ
On 3 September 2020, the following Level 2 measures for the Securitisation Regulation were published in the Official Journal of the EU (OJ): Commission Implementing Regulation (EU) 2020/1227 of 12…
The CLS Blue Sky Blog
Securitization, Recourse Uncertainty, and Crash Risk
By Yiwei Dou, Joshua Ronen, Tuba Toksoz
Asset securitizations have become a prominent type of financial transaction in recent decades. According to the Securities Industry and Financial Markets Association, $3.3 trillion worth of mortgage- and other asset-backed…
Structured Finance In Brief
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…
Credit Chronometer
Under the Hood: Quick Subprime Market Inspection
Is that a cliff or a bridge up ahead? There are positive signs and even slight improvement in some auto figures, but there’s still a looming question of what’s around…
Global Regulation Tomorrow
ESMA final guidelines on securitisation repository data completeness and consistency thresholds
On 10 July 2020, the European Securities and Markets Authority (ESMA) published a final report on the guidelines on securitisation repository data completeness and consistency thresholds. The guidelines provide clarity…
Credit Chronometer
Listen: Insights from Subprime Auto Market Roundtable
Credit Chronometer’s second annual market study, available here, has been giving industry participants a behind-the-scenes look at how originators, investors, servicers and trustees are viewing the effects of the pandemic…