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Results: 1-10 of 32

'We are all macro-prudentialists now': the brave new world of systemic risk
  • Stikeman Elliott LLP
  • Canada
  • June 25 2012

It wasn’t long after the immediate, frenzied response to the financial crisis that governments and regulators began to turn their minds to the fault lines that had been exposed in the financial system as a whole and to ways in which these could and should be addressed


Proposals for the regulation of shadow banking postscript
  • Stikeman Elliott LLP
  • Canada
  • May 24 2013

Short term investors are extremely risk-adverse. They demand two things at minimum - ready access to and the safety of their principal. When risk


SEC proposals on ABS: expansion of potential liability
  • Stikeman Elliott LLP
  • Canada, USA
  • October 7 2010

In our previous piece on the proposed Waterfall Computer Program requirement, we touched upon the unprecedented extension of securities law liability to the functionality of the computer program


SEC proposals on ABS: asset-level disclosure
  • Stikeman Elliott LLP
  • Canada
  • September 30 2010

To any reader of military history the following adage is very familiar: the military always prepares to fight the last war


CSA proposed securitized products rules - definition of securitized products
  • Stikeman Elliott LLP
  • Canada
  • April 8 2011

As indicated in our previous posting, the Canadian Securities Administrators have proposed a new framework for the regulation of securitized products which includes: enhanced disclosure requirements for securities issued under a prospectus


SEC proposals on ABS: representations and warranties, Part I
  • Stikeman Elliott LLP
  • USA
  • October 14 2010

The SEC has indentified, as a significant contributing factor to the RMBS collapse, the paucity of adequate information which would have allowed investors to make informed investment decisions and the resulting over-reliance upon ratings


Final Dodd-Frank ABS rules:representations and warranties and review of assets
  • Stikeman Elliott LLP
  • Canada
  • February 10 2011

As described in a number of previous posts, in October, the SEC published two proposals for rules mandated by the Dodd Frank Act: (i) those related to representations and warranties in ABS securities offerings; and (ii) those requiring any issuer of registered ABS to perform a review of the assets underlying the ABS


SEC proposals on ABS: an overview
  • Stikeman Elliott LLP
  • Canada
  • December 9 2010

While we wait for the other shoe to drop, perhaps it would be worthwhile to review the general state of play and try to better understand what it may mean for the securitization industry


SEC's shelf eligibility re-proposal: still a long way to go
  • Stikeman Elliott LLP
  • USA
  • August 25 2011

In April, 2010 the SEC proposed a number of rules relating to shelf eligibility and various disclosure requirements in respect of asset-backed securities (the April 2010 Proposals


Overview of comments on the CSA's exempt market proposals
  • Stikeman Elliott LLP
  • Canada
  • October 24 2011

Whereas the comments on the definition of securitized product and the prospectus disclosure proposals were quite limited and restrained, those on the proposed exempt market rules were both extensive and harshly critical