Topic
Securitisation
464 published works
Banking, Finance and Securities
Joint Committee of ESAs publishes its recommendations on securitisation
The Joint Committee of the European Supervisory Authorities has published a report which responds to the European Commission’s consultation document, An EU framework for simple, transparent and standardised securitisation, which…
Crunched Credit
Section 546(e) Protects Two Tiered Securitization Structures
What happens when a debtor, whose loan is pooled and securitized, files for bankruptcy? Are payments made to investors recoverable as fraudulent transfers or preferences? Until recently, no published court…
Corporate and Securities Law
CFTC Says Securitization SPVs Eligible for End-User Exception
Structured Finance In Brief
CMBS 2.0 IN FOCUS: Class X – a Class Act!
The emergence of European CMBS 2.0 can be directly traced back to Deutsche Bank’s Deco 2011-CSPK which closed in June 2011. Since that issuance, there have been several deals brought…
Corporate & Financial Weekly Digest
Agencies Issue Tool for Calculating Capital Requirements for Securitization Exposures
On February 11, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation issued an automated…
Bank Law Monitor
Bank Regulatory Agencies Develop Automated Tool to Calculate Risk-Based Capital Requirements for Securitizations
By Faye Ricci
Today, the Office of the Comptroller of the Currency (“OCC”) issued a regulatory capital bulletin (“Bulletin”) stating that the OCC, the Federal Reserve Board, and the Federal Deposit Insurance Corporation…
Crunched Credit
Regulators: It’s in Their Nature
By Rick Jones
Here’s one from left field that I only began to focus on recently. In mid-December, the gnomes of Basel published several “Consultative Documents” on bank capital and credit risk issues. …
China Law Insight
金杜成功协助汇丰中国发行首单外资银行信贷资产证券化项目
By King & Wood
作者：金杜律师事务所 根据2014年12月30日中国债券信息网和中国货币网发布的公告，汇丰银行(中国)有限公司(“汇丰中国”)在金杜大力协助下将通过交银国际信托有限公司设立特殊目的信托发行汇元2015年第一期信贷资产证券(“项目”)。该项目是首单外资银行作为发起机构所发行的信贷资产证券化项目，该项目的优先级资产支持证券将在全国银行间债券市场交易。 本项目资产支持证券的规模为人民币13.4826亿元，其中优先级资产支持证券的规模为人民币9.95亿元，中诚信国际信用评级有限责任公司和中债资信评估有限责任公司均给予优先级资产支持证券AAA的信用评级。作为增信措施，汇丰中国认购所有次级资产支持证券。 汇丰中国于2007年4月2日正式开业，总行设于上海，是香港上海汇丰银行有限公司全资拥有的外商独资银行。香港上海汇丰银行有限公司于1865年在香港和上海成立，是汇丰集团的创始成员和集团在亚太区的旗舰，亦是香港特别行政区最大的本地注册银行及三家发钞银行之一。汇丰集团乃世界规模最大的银行及金融服务机构之一，在世界74个国家和地区设有约6,200个分支机构。 金杜律师事务所全程参与了项目进程，协助设计交易结构、完成尽职调查、起草交易文件及发行说明书，并提供了与本项目相关的其他法律服务工作。 业务咨询请联系： 王军：银行部合伙人。 联系邮箱：jackwang@cn.kwm.com 钟鑫：银行部合伙人。 联系邮箱：zhongxin@cn.kwm.com
Banking, Finance and Securities
BCBS and IOSCO consult on criteria for identifying simple, transparent and comparable securitisations
The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have issued a joint consultative document on the development of criteria to identify simple, transparent…
Banking, Finance and Securities
BCBS issues revision to Basel securitisation framework
The Basel Committee on Banking Supervision (BCBS) has published the revised securitisation framework which aims to address a number of shortcomings in the Basel II securitisation framework and strengthen the…