Amendments to Offshore Fund Rules to Reflect Finance Act 2014 AIFM Partnership Tax Changes -
Regulations amending the Offshore Funds Regulations 2009 (the 2009 Regulations) to reflect the Finance Act 2014 changes to...more
New York's Highest Court Will Review First Department Decision on RMBS Putback Statute of Limitations -
On June 27, the Court of Appeals for the State of New York agreed to review the First Department's December 2013...more
On June 26, Moody’s released its methodology for monitoring and rating collateralized debt obligations backed by trust preferred securities (TruPS CDOs).
The Risk Retention Rule Is Coming! The sky may not be falling, but The Risk Retention Rule is Coming at last! Very soon, we hear. ...more
FMLC Publishes Response on Bail-in Powers -
In response to a consultation by HM Treasury, the UK's Financial Markets Law Committee (FMLC) published a letter on June 4 relating to the bail-in powers introduced by the...more
On May 29, Fitch released its criteria for rating U.S. nonprofit institutions.
On May 28, Fitch released its criteria for rating caps and limitations on global structured finance transactions....more
On May 22, Fitch released its rating criteria for commercial real estate (CRE) loans securing covered bonds, which replaces its criteria published in October 2013.
On May 22, Kroll released its methodology for rating...more
Moody’s published a piece the other week that analogized credit quality in the CRE capital markets to the boiling frog – that if you put a frog in cold water and slowly raise the temperature, it never jumps out until it,...more
In 2009, the California Public Employees’ Retirement System filed a lawsuit alleging negligent misrepresentation and negligent interference with prospective economic advantage against Moody’s Investors Services, Inc., Moody’s...more
On April 28, Moody’s released a request for comment on proposed changes to its global credit card ABS rating approach. Comments must be submitted by June 9.
On April 22, Moody’s released its methodology for rating...more
UK Government Backs "Transparency & Trust" Paper Recommendations -
The UK government has published a response paper largely in agreement with the controversial "Transparency & Trust" discussion paper published by its...more
European Banking Authority Publishes Opinion on European Commission's Proposed Amendments to ITS -
On April 16, the European Banking Authority (EBA) published via its website an opinion dated April 4, 2014 on...more
Agencies Apply Increased Leverage Ratio to Large U.S. Banks -
On April 8, the Fed, FDIC and OCC adopted the final rule to increase the leverage ratio for the largest U.S. banks. The final rule applies to U.S. bank...more
On March 25, Moody’s released its approach to rating RMBS using the MILAN framework.
On March 25, Moody’s released its approach to assessing incremental risk posed by ability to repay rules in US RMBS....more
ESMA Reports on Information that Competent Authorities Should Provide to it Under the AIFMD -
The European Securities and Markets Authority (ESMA), has published a final report of technical advice for the European...more
On March 18, 2014, Standard & Poor's Ratings Services announced ratings upgrades for two bond insurers – Assured Guaranty Municipal Corp. (f/k/a Financial Security Assurance Inc.) to “AA” from “AA-” and MBIA Inc.’s National...more
Fed Issues a Report on Mobile Financial Services -
On March 25, the Fed issued a report on the use of mobile phones to obtain financial services. Last year, 33 percent of all mobile phone users and 51 percent of...more
On March 19, S&P released its methodology for rating CDOs of project finance debt.
On March 17, Fitch released its criteria for analyzing RMBS under the Ability-to-Repay and Qualified Mortgage rules....more
On March 12, the Honorable Katharine B. Forrest of the United States District Court for the Southern District of New York ordered Fabrice Tourre, a former Goldman Sachs trader convicted of violation of federal securities...more
On March 6, Moody’s released its updated methodology for rating CDOs backed by structured finance assets. On March 5, Fitch released its criteria for granular corporate balance-sheet securitizations (SME CLOs). On March 3,...more
Final Guidance for Medium-Sized Firms on Dodd-Frank Stress Tests -
On March 5, the Fed, the FDIC, and the OCC issued final guidance which describes supervisory expectations for stress tests to be conducted by financial...more
On February 27, Moody’s released its global approach to rating collateralized loan obligations. On February 26, Moody’s released its approach to rating auto lease securitizations exposed to residual value risk. On February...more
UCITS 5 Political Agreement Reached -
On February 25, the European Parliament published a press release announcing that political agreement has been reached with the Council of the EU on the proposed UCITS V Directive....more
On February 20, Moody’s released its approach to rating tobacco settlement revenue securitizations.
On February 19, Fitch released its criteria for rating single- and multi-name credit-linked notes (CLNs)....more
On February 11, ESMA published a consultation paper on the implementation of the CRA III Regulation containing draft regulatory technical standards (RTS) on the following:
- The content and format of fees charged by...more
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