G20's finance ministers and central bank governors met in Paris on 18 and 19 February.
CESR published guidelines on a common definition for money market funds in May 2010 (the Guidelines) which have been broadly welcomed as a significant advance in achieving a harmonised definition of the term money market fund (MMF) and thus ensuring greater investor protection.
The Financial Stability Board (FBS) held its plenary meeting in Seoul yesterday to discuss key elements of financial reforms in advance of the meeting of G20 Summit.
G20 Finance Ministers and Central Bank Governors which met in Korea have published a communiqué affirming their commitments relating to financial repair and reform.
This note summarises the criteria which must be met by asset-backed securities (ABS) to qualify as Eligible Collateral for repo transactions with the European Central Bank (ECB) and the national central banks throughout Europe.
On 31 March, we published our briefing note entitled "Greece and the euro: new dimensions in currency risk?".
Regulation (EC) No 10602009 of 16 September 2009 on credit rating agencies (the "Regulation") was published in the Official Journal of the European Union on 17 November 2009 and will enter into force on 7 December 2009.
In an attempt to align the interests of investors more closely with those of originators and sponsors of securitisation transactions, in May 2009 the European Parliament amended the Capital Requirements Directive (CRD), consisting of Directives 200648EC and 200649EC.
The wait is over.
Due to current market conditions we have been receiving an increasing number of enquiries from banks seeking to structure asset-backed securities (ABS) transactions in such a way that the notes issued thereunder qualify as Eligible Collateral for repo transactions with the European Central Bank (ECB) and indeed national central banks throughout Europe.