Topic
Securitisation
464 published works
Corporate & Financial Weekly Digest
UK Securitization Regulations 2018 Published
By Carolyn H. Jackson, Nathaniel Lalone, Neil Robson
On December 4, the UK Securitization Regulations 2018 (UK Regulations) were published, together with an explanatory memorandum. The UK Regulations reflect the application of the EU Securitization Regulation in the…
Credit Chronometer
Honor Finance’s Downfall Shows Anything Can Happen
No one had suffered any losses, or at least it seemed no one could remember having done so. S&P had not downgraded any subprime auto loan ABS since just after…
Banking, Finance and Securities
Securitisation Regulations 2018
On 4 December 2018, the Securitisation Regulations 2018 were published on the legislation.gov.uk website, together with an explanatory memorandum. The EU Securitisation Regulation applies in the UK from 1 January…
Banking, Finance and Securities
PRA Policy Statement on new EU securitisation framework and significant risk transfer
On 15 November 2018, the PRA published Policy Statement 29/18: Securitisation – the new EU framework and Significant Risk Transfer (PS29/18). In PS29/18 the PRA sets out its final policy…
Banking, Finance and Securities
ESMA publications under the Securitisation Regulation
On 13 November 2018, the European Securities and Markets Authority (ESMA) published two final reports relating to the Securitisation Regulation: Securitisation Regulation technical standards on securitisation repository application requirements, operational…
Crunched Credit
IMN 2018 ABS East Conference
Last week, an estimated gathering of over 4,700 of the industry’s finest descended on Miami for IMN’s ABS East conference. The mood was upbeat and the meeting rooms (and the…
Consumer Finance Monitor
House Passes Bill to Address Unintended Ginnie Mae Securitization Issue Created by S.2155
The U.S. House of Representatives recently passed H.R. 6737 to amend the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) to address a technical issue that prevented mortgage…
Banking, Finance and Securities
Delegated Regulation amending Solvency II to align with Securitisation Regulation published in OJ
On 10 September 2018, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2018/1221 of 1 June 2018 amending Delegated Regulation (EU) 2015/35 as…
Credit Chronometer
Credit Enhancement Can’t Cure All Ills in Subprime Auto Market
Joseph Cioffi was quoted in an Asset Securitization Report article, “Credit Enhancement Can’t Cure All Ills in Subprime Auto Market.”
Crunched Credit
Securitizing Marijuana Dispensary Properties in the Sessions Era
In 2013, the Obama administration issued the Cole Memorandum, which called a truce between federal prosecutors and marijuana businesses operating legitimately under state law. After regime change in Washington, however,…