Managers and arrangers of U.S. collateral loan obligations have struggled to satisfy the European Unions risk retention requirement. However, the final draft rules published by the European Banking Authority include a new concession that may assist U.S. managers in accessing an investor base in the region.
The Securities and Exchange Commission has tweaked its proposal for Regulation AG II to address consumer privacy concerns and requested public comment on the change
In this week’s ASR newscast: Dwell Finance starts up, another development in the REO-to-rental space and CLO players find a way to work around the Volcker Rule but it has its risks.
While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround and this one allows them to invest in bonds.
George Canellos, the SECs former co-director of enforcement, has joined Milbank, Tweed, Hadley & McCloy as global head of the litigation department.
The deal from specialty lender International Investment Group is backed by loans to LatAm obligors. More issuance may be ahead.
In this week’s ASR newscast: Raj Date’s Fenway Summer preps sub-prime credit card; CMBS delinquencies head down, again; and SEC delays Reg AB II meeting.
Most new collaterlized loan obligations have the ability to invest in bonds, but only if regulators clarify certain Volcker Rule language.
Stefan Ingves, chairman of the Basel Committee on Banking Supervision, called Friday for global regulators to complete their work on already agreed upon international banking reforms.
The Securities and Exchange Commission will vote next week on whether to adopt rules revising the disclosure, reporting, and offering process for asset-backed securities.
The Federal Reserve on Wednesday took another step in its effort to scale down a controversial bond buying program by an additional $10 billion.
The rising costs for banks to hold even low-risk, short-term loans courtesy of Basel III is a powerful incentive for them to offload their trade finance receivables into securitizations.
Alcentra is marketing a 413.5 Million European collateralized loan obligation.
Investors speaking at a panel at ABS Vegas offered a variety of views on investment opportunities this year.
Standard & Poor's expects a modest increase in the issuance of European securitizations sold to investors this year from 2013.
How peer-to-peer lending could ripple through securitization of consumer and corporate debt.
Why cat bond investors are here to stay, Congress ready to step into Trups CDO fight, and Neil McPherson’s return to NewOak.
The Financial Industry Regulatory Authoritys (Finra) proposal to disseminate pricing data for asset-backed securities faces push back from a major industry trade group, SIFMA.
He's now heading the firm's efforts in developing clients. McPherson had previously left NewOak several months after participating in its late-2008 launch.
Final rules implementing the Volcker Rule remove many obstacles to securitization compared with the initial version.
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