Topic
Securitisation
464 published works
Structured Finance In Brief
Basel Committee proposes changes to the Basel II securitisation framework – what does this mean for new issuance?
By Nick Stainthorpe, Theano Manolopoulou
A new consultation paper published earlier this week by the Basel Committee on Banking Supervision will inevitably cause uncertainty and is likely to affect investment decisions long before the new…
Structured Finance In Brief
Loan-level data – implications
European Central Bank and Bank of England liquidity schemes require that loan-level data be disclosed on a regular basis (no less than quarterly) with respect to asset-backed securities which are…
Structured Finance In Brief
Clouds and Silver Linings
It's been another one of those grey weeks. A swap counterparty in a securitisation is supposed to post collateral but there’s no CSA in place. Neither are there collateral accounts…
Structured Finance In Brief
Securitisation: a nationalised pastime?
By Simon Hugo
I was encouraged to see Virgin Money announce its second securitisation of the year, Gosforth 2012-2, particularly so as Virgin Money is also one of the 30 or so banks…
Structured Finance In Brief
Are regulators waking up to the need to encourage securitisation?
Quite apart from its economic merits, the attractiveness of ABS for investors has become something of a hostage to financial regulation. On 26 September 2012, Jonathan Faull, director-general, Internal Market and…
Crunched Credit
Unintended Consequences Avoided? CFTC Provides Relief for Certain Securitization Vehicles
Last Thursday, the U.S. Commodity Futures Trading Commission (“CFTC”) responded to ASF’s and SIFMA’s requests for relief from the new CFTC rules which implemented certain Dodd-Frank amendments that brought swaps…
PropertyProf Blog
Borden & Reiss on Real Estate Mortgage Investment Conduits
By propertyprof
Bradley Borden (Brooklyn) and David Reiss (Brooklyn) have posted Wall Street Rules Applied to REMIC Classification on SSRN. Here's the abstract:Investors in mortgage-backed securities, built on the shoulders of the…
Structured Finance In Brief
Winding up securitisation issuers: who pays?
Following the boom years of securitisation origination and the well documented post-Lehman troubles securitisation transactions are now coming to the end of their life cycles as assets default, are re-financed…
PropertyProf Blog
Levitin & Wachter on What Made Housing Vulnerable to a Bubble
By propertyprof
Adam Levitin (Georgetown) and Susan Wachter (Wharton) have posted Why Housing? (Housing Policy Debate) on SSRN. Here's the abstract:What made housing vulnerable to a bubble? And why has the housing…
Structured Finance In Brief
2012 – the year of the NPL
As we approach the final quarter of the year, it is clear that during the course of 2012 the CRE industry has really begun to find its feet and take…