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Retained Interest Blog

Articles: 1-10 of 16

Regulatory Technical Standards on Homogeneity for STS transactions published in Official Journal

European Union - December 9 2019 The EU has, on 6 November 2019, published in the Official Journal a delegated Regulation (the “Delegated Regulation”) supplementing the EU…

US Interagency statement on the use of alternative data in credit underwriting

USA - December 3 2019 Today, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the…

California Court Holds that NY Choice of Forum Is Unenforceable

USA - November 11 2019 On October 31, 2019, in a lease dispute related to credit card processing equipment, a California appellate court held that the parties’ choice of…

SEC seeks input on RMBS disclosure requirements

USA - October 31 2019 On October 30, 2019, SEC Chairman Jay Clayton announced that the SEC will review its RMBS asset-level disclosure requirements with “an eye toward…

Industry and advocacy groups respond to proposed changes to FDIC’s securitization safe harbor rule

USA - October 29 2019 In July, the Federal Deposit Insurance Corporation (the “FDIC”) proposed a change (discussed here and here) to certain provisions of its…

EBA Consults on its Proposal to Create STS Framework for Synthetic Securitisations

European Union - October 22 2019 The European Banking Authority (the “EBA”) has recently launched a public consultation on its proposals to create a simple, transparent and…

European Commission Publishes Draft RTS for EU Securitisation Regulation’s Transparency Requirements

European Union - October 21 2019 The European Commission (the “Commission”) has now adopted and published the draft regulatory technical standards (the “Draft RTS”) in relation to…

Seventh Circuit issues surprising ruling on sufficiency of UCC collateral description

USA - October 11 2019 In a surprising development, on September 11, 2019 the Seventh Circuit Court of Appeals issued a ruling on appeal reversing a lower bankruptcy court…

Capital Relief Trades: Structuring Considerations for Synthetic Securitizations (Part two of a three part series providing a U.S. and U.K perspective)

United Kingdom, USA - October 10 2019 In this series, we highlight a few of the regulatory considerations present in a typical CRT structured as a synthetic securitization. Parts one and…

Capital Relief Trades: Structuring Considerations for Synthetic Securitizations (Part one of a three part series providing a US and UK perspective)

United Kingdom, USA - October 8 2019 Today, we are kicking off a three part series discussing capital relief trades (CRTs)—often referred to as synthetic securitizations—which are used…