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Results: 1-10 of 1,644

At long last, US finalizes complex structured finance guidance

  • White & Case LLP
  • -
  • USA
  • -
  • February 14 2007

On January 11, 2007, the US banking and securities regulators (Federal Reserve Board, Securities and Exchange Commission, Office of the Comptroller of the Currency, Office of Thrift Supervision and the Federal Deposit Insurance Corporation) (Agencies) completed an almost three year process to develop supervisory guidance on complex structured finance transactions (CSFTs) by issuing a final "Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities" (Statement

SEC Division of Corporate Finance responds to industry inquiry regarding vendor assessment of compliance reporting in asset-backed securities transactions

  • Alston & Bird LLP
  • -
  • USA
  • -
  • February 5 2007

On February 2, 2007, the staff of the Division of Corporate Finance (the “Division”) of the Securities and Exchange Commission responded via telephone interpretation to an inquiry posed by the American Securitization Forum (the “ASF”) and the Mortgage Bankers Association (the “MBA”) concerning whether “vendors” must separately submit an assessment of compliance with applicable servicing criteria and related accountant’s attestation under Item 1122 of Regulation AB to be included in an issuer’s annual report on Form 10-K

Ninth Circuit: CAFA does not override anti-removal provision of Securities Act of 1933 in subprime class action

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 25 2008

The Ninth Circuit federal court of appeals recently held that the Class Action Fairness Act of 2005 (CAFA), which permits in general the removal to federal court of high-dollar class actions involving diverse parties, does not supersede section 22(a)’s specific bar against removal of cases arising under the Securities Act of 1933 (’33 Act

Ratings in structured finance: what went wrong and what can be done to address shortcomings?

  • Norton Rose Fulbright LLP
  • -
  • Global
  • -
  • July 14 2008

The Bank for International Settlements has published a report from its Committee on the Global Financial System

ASF launches Project RESTART

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 18 2008

On July 16, the American Securitization Forum (ASF) announced the public launch of its Project on Residential Securitization Transparency and Reporting (ASF Project RESTART

Insurance structured finance

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • February 28 2007

Recent natural disasters such as the 2005 hurricane season, in addition to a shortage of retrocession capacity in a hard market have prompted the insurance industry to examine different structured finance techniques

Industry takes further steps towards improving transparency

  • Norton Rose Fulbright LLP
  • -
  • European Union
  • -
  • July 14 2008

Nine European and global trade associations (Commercial Mortgage Securities Association, European Association of Co-operative Banks, European Association of Public Banks, European Banking Federation, European Savings Banks Group, European Securitisation Forum, International Capital Market Association, London Investment Banking Association and Securities Industry and Financial Markets Association) have issued a press release concerning ten industry initiatives which are aimed at increasing transparency in European securitisation markets

Insurance focus

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • February 26 2007

The winter edition of Insurance focus includes an examination of recent developments in insurance structured finance products

SEC and other regulatory agencies issue statement on complex structured finance activities

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • February 8 2007

The SEC, along with five other federal agencies, has jointly issued a final statement on the complex structured finance transactions (CSFTs) of financial institutions

EC speech - the financial turmoil - the role of the EU Commission

  • Norton Rose Fulbright LLP
  • -
  • European Union
  • -
  • July 14 2008

The European Commission has published a speech by Charlie McCreevy (European Commissioner for Internal Market and Services) entitled The Financial Turmoil - The role of the EU Commission