Topic
Securitisation
464 published works
Banking, Finance and Securities
EBA discussion paper on significant risk transfer in securitisation
The European Banking Authority (EBA) has published a discussion paper on the significant risk transfer (SRT) in securitisation. The EBA is seeking views on enhancing the regulatory and supervisory playing…
Credit Chronometer
PACE Financing: 60-Second Market Review and Insights
Originations and Issuances, by the Numbers $3.7 billion has been advanced to homeowners under residential Property Assessed Clean Energy (R-PACE). Additionally, nearly $500 million has been advanced for commercial PACE…
Banking, Finance and Securities
Commission adopts Delegated Regulation on waiver of own funds requirements for certain covered bonds under CRR
Article 129(1) of the Capital Requirements Regulation (CRR) grants preferential treatment to covered bonds collateralized by senior units issued by French Fonds Communs de Titrisation or equivalent securitization entities, securitising…
Crunched Credit
Direct Issuance is Here – A New Paradigm for Single Asset Single Borrower (SASB) Securitization
By Rick Jones
A standalone securitization of a portfolio of properties closed in June. To our knowledge, this was the first transaction in recent memory done in a direct issuance format. In this case,…
Banking, Finance and Securities
ECB guidance on CRR securitisation notifications
The European Central Bank (ECB) has published a letter from Ms Daniele Nouy, Chair of the ECB Supervisory Board, to the management of significant banks. The letter sets out public…
Credit Chronometer
Show Me the Note, Again …
Years ago, “show me the note” contagion took hold in the subprime mortgage market. Borrowers launched widespread attacks on foreclosure actions once tales of successful early challenges were reported in…
Credit Chronometer
CFPB Arbitration Rule Could Fuel Litigation, Impair Securitization Market Liquidity
Joseph Cioffi was quoted in an Inside MBS & ABS article, “CFPB Arbitration Rule Could Fuel Litigation, Impair Securitization Market Liquidity.” Click here to view the full article.
Banking, Finance and Securities
Capital treatment for simple, transparent and comparable short-term securitisations proposed by Basel Committee
The Basel Committee on Banking Supervision (BCBS) has issued a consultative document, Capital treatment for simple, transparent and comparable short-term securitisations. The consultative document supplements an earlier consultative document that…
Crunched Credit
It’s Time to Bring Back the Square State Conduit: If We Build It, They Will Come.
By Rick Jones
What in the world have we done to ourselves? Our CRE Securitization business, or at least the conduit part of our business, continues to shrink: $800 billion in outstanding principal…
Credit Chronometer
Evolution or Regression: The Choice for Marketplace Lenders
Act more like a traditional bank, and less like a tech start-up. That’s what some marketplace lenders are trying to do to appease some critical investors. Acting like a traditional…