Topic
Securitisation
464 published works
Retained Interest
Conflict Resolution: The SEC Adopts Final Rule 192 (Conflicts of Interest in Securitization Transactions)
By Christopher Horn, Stuart M. Litwin, Michelle Stasny
On November 27, 2023, the US Securities Exchange Commission (“SEC”) adopted final Securities Act Rule 192 (“Final Rule 192”) prohibiting certain conflicts of interest in securitization transactions. In general, Final…
Free Writings + Perspectives
Conflict Resolution: The SEC Adopts Final Rule 192 (Conflicts of Interest in Securitization Transactions)
By Stuart M. Litwin, Christopher Horn, Michelle Stasny
On November 27, 2023, the US Securities Exchange Commission (“SEC”) adopted final Securities Act Rule 192 (“Final Rule 192”) prohibiting certain conflicts of interest in securitization transactions. In general, Final…
The Securities Law Blog
SEC Adopts Rule to Prohibit Conflicts of Interest in Certain Securitizations
The Securities and Exchange Commission today adopted Securities Act Rule 192 to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank…
Global Regulation Tomorrow
PRA publishes Discussion Paper on Securitisation: Capital requirements
By Jochen Vester (UK), Simon Lovegrove (UK), Anita Edwards
On 31 October 2023, the Prudential Regulation Authority (PRA) published Discussion Paper DP3/23 – Securitisation: capital requirements (DP3/23). DP23/2 is intended to prepare for the PRA’s planned consultation on draft…
Global Regulation Tomorrow
Published in the OJ: Commission Delegated Regulation (EU) 2023/2175 specifying the risk retention requirements for originators, sponsors, original lenders and services
By Matthew Gregory (UK), Simon Lovegrove (UK)
On 19 October 2023, there was published in the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2023/2175 of 7 July 2023 on supplementing the Securitisation Regulation…
Free Writings + Perspectives
White Paper: The Final Stretch: Securitization in the US Under the Proposed Basel III Endgame Rules
By Christopher Horn, Stuart M. Litwin, Matthew Bisanz, Brian L. Kuhl, Jerry R. Marlatt, Andrew J. Olmem, Anna T. Pinedo, Eric M. Reilly, Jeffrey P. Taft, Angela M. Ulum, Jon D. Van Gorp, Kiel A. Bowen, Julie A. Gillespie, Jon Schlotterback, Jan C. Stewart, Michael Weiss
On July 27, 2023, the US banking regulators issued a proposal to significantly revise the risk-based capital requirements applicable to large banks and to banks with significant trading activity. The…
Global Regulation Tomorrow
FCA consults on proposed securitisation rules
By Simon Lovegrove (UK), Anita Edwards
On 7 August 2023, the Financial Conduct Authority (FCA) published a consultation paper, CP23/17, setting out its proposed rules for the UK securitisation markets. The proposed rules would replace the…
Global Regulation Tomorrow
PRA consults on the general requirements for securitisation
On 27 July 2023, the Prudential Regulation Authority (PRA) published a consultation paper, CP15/23: Securitisation: General requirements. The Securitisation Regulation is retained EU legislation that aims to address behavioural risks…
Global Regulation Tomorrow
FCA updates webpage on Securitisation
On 27 July 2023, the FCA updated its webpage on Securitisation in relation to an upcoming consultation. The webpage has been updated to include the following text: ‘On 7 August…
Global Regulation Tomorrow
HM Treasury publishes near-final draft SI – The Securitisation Regulations 2023
By Simon Lovegrove (UK), Anita Edwards
On 11 July 2023, HM Treasury published a near-final draft of the Securitisation Regulations 2023 (the draft SI), along with an accompanying policy note. The draft SI creates a new…