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Results: 1-10 of 32

Court holds that noteholders cannot meddle in Deutsche Bank’s suit

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • June 26 2012

On May 18, 2012, Judge Rosemary M. Collyer of the District Court for the District of Columbia held that a group of Washington Mutual Bank’s (WaMu) noteholders could not intervene as defendants in a breach of contract lawsuit brought against WaMu’s receiver and JPMorgan Chase Bank

Justice Department establishes Residential Mortgage-Backed Securities Working Group

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • January 31 2012

At a press conference on January 27, 2012, Attorney General Eric Holder, accompanied by the SEC Director of Enforcement, the Secretary for the Department of Housing and Urban Development, the Assistant Attorney General for the Civil Division, and the New York Attorney General, among others, announced that the formation of a new Residential Mortgage-Backed Securities Working Group ("Working Group") within the current Financial Fraud Enforcement Task Force ("Task Force"

The Volcker Rule’s impact on financial institutions’ ownership and sponsorship of structured finance and securitization transactions

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • November 4 2011

The three federal banking agencies and the SEC recently approved for comment a proposed regulation implementing Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, more generally known as the “Volcker Rule”

S&P reconsiders de-linked rating for bank-sponsored securitizations that fall outside FDIC’s final safe harbor rule

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • November 22 2010

Standard & Poor's issued an update (the "Update") last week indicating that it could issue a delinked, asset-based credit rating for securities issued in a securitization sponsored by an insured depository institution ("Bank") that qualifies as a sale under GAAP, even if the transaction fails to comply with the Federal Deposit Insurance Corporation's new securitization safe harbor rule (the "Rule"

S&P likely to refuse de-linked ratings for bank-sponsored securitizations that fail to meet FDIC’s final safe harbor rule

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • October 27 2010

Standard & Poor's announced recently that it will likely treat as secured loans bank-sponsored securitizations that constitute sales under GAAP, but fail to comply with the FDIC's final securitization safe harbor rule (the "Rule"

Art. 122a: risk retention for securitisations with European credit institution investors

  • Cadwalader Wickersham & Taft LLP
  • -
  • European Union
  • -
  • October 27 2010

Art. 122a is an article added1 to the European Union Capital Requirements Directive (“CRD”

SEC and Goldman Sachs agree to settle historic market-crisis enforcement action

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • July 19 2010

On July 15, 2010, the Securities and Exchange Commission announced a ground-breaking $550 million settlement with Goldman Sachs ("Goldman") in connection with Goldman's marketing of synthetic collateralized debt obligations ("CDO") based on residential mortgage backed securities ("RMBS"

FDIC seeks “stronger, sustainable securitizations” by imposing additional conditions to eligibility for securitization safe harbor

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • May 21 2010

On Monday, May 17, 2010, the Federal Deposit Insurance Corporation (the “FDIC”) published a Notice of Proposed Rulemaking (“NPR”) regarding the proposed amendments to its securitization “safe harbor rule.”

SEC proposes significant enhancements to regulation of asset-backed securities

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • April 20 2010

On April 7, 2010, the Securities and Exchange Commission (the "SEC") released proposed rules (the "Proposed Rules") that would significantly revise Regulation AB ("Reg AB") and other laws governing offerings, sales and reporting for asset-backed securities, including mortgage-backed securities ("ABS"), and would significantly broaden the range of transactions covered by such regulations

The revised FDIC securitization safe harbor rule; the FDIC responds to changes in GAAP accounting rules with proposed sweeping regulation of bank securitization structures

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • December 22 2009

On Tuesday, December 15, 2009, the Federal Deposit Insurance Corporation (the "FDIC") released an Advance Notice of Proposed Rulemaking (an "ANPR") regarding proposed amendments to its securitization "safe harbor rule"