In This Issue: April Housing Scorecard; Rating Agency Developments; New York State Court Dismisses RMBS Putback Action Against Nomura As Time-Barred; New York State Court Allows Trustee Lawsuit Against DB Structured Products...more
On May 17, DBRS released its criteria for rating market-linked securities. On May 17, DBRS released a criteria report relating to Canadian bankruptcy and restructuring legal considerations. On May 15, Moody’s released its...more
On May 9, Fitch released its guidelines for rating tender option bonds. On May 9, Moody’s released its methodology for rating CLOs. On May 8, Fitch released its surveillance criteria for franchise loan ABS....more
On May 2, KBRA released its methodology for rating global banks and bank holding companies. On April 30, Fitch released its criteria for rating U.S. auto lease ABS. On April 26. S&P released its criteria for rating Canadian...more
On April 26, Fitch released its criteria for U.S. RMBS originator review and third-party due diligence. On April 24, Fitch released its criteria for rating CMBS in Asia-Pacific. ...more
On April 18, Fitch released its guidelines for rating state credit enhancement programs. On April 17, Moody’s released its methodology for rating general obligation bonds issued by U.S. local governments. ...more
Second Circuit Rejects Edge Act Jurisdiction in AIG RMBS Case - On April 19, the Second Circuit ruled that a lawsuit brought by American International Group (AIG) against several Bank of America entities involving...more
Fed Proposal on Annual Assessments - On April 15, the Fed requested comment on a proposed rule to establish an annual assessment for bank holding companies and savings and loan companies with $50 billion or greater in total...more
On April 4, Moody’s released its methodology for rating short-term cash flow notes. ...more
On March 29, Moody’s issued its methodology for U.S. municipal pool program debt. On March 28, Fitch updated its criteria for rating global small- and medium-sized enterprises CLOs. On March 26, Fitch updated its criteria for...more
In This Issue: *Financial Industry Developments - CFTC No-Action Relief for Commodity Trader Advisor Registration - CFTC Regulations on Associated Persons of Swap Dealers and Major Swap Participants -...more
In This Issue: *Financial Industry Developments - CFTC Announces the Start of Mandatory Clearing - CFTC Reminds Market Participants of Swap Data Reporting Requirements - Rating Agency Developments...more
On March 12, S&P updated its methodology for second-lien RMBS surveillance and cash flow analysis for pre-2009 originations. On March 11, Moody’s released its approach to rating RMBS using the MILAN framework. On March 11,...more
On March 8, Fitch updated its report on dual-party criteria for long-term ratings on letter of credit-supported U.S. public finance bonds. ...more
Originally published in International Financial Law Review in February 2013. Covered bonds’ dual recourse nature makes them a favoured instrument for investors seeking both safety and yield. If the issuing financial...more
On February 21, Fitch published its global rating criteria for single- and multi-name credit-linked notes. On February 21, Fitch updated its criteria for solar power projects. On February 20, Fitch released a report on U.S....more
On February 15, Fitch published updated criteria for Latin American RMBS. On February 14, DBRS released its master European RMBS methodology and jurisdictional addenda....more
In This Issue: - Financial Industry Developments •CFPB Implementation Plan for Mortgage Rules •FDIC Proposed Rule on Insured Deposits at Foreign Branches of U.S. Banks •CFPB Bulletin on Servicers'...more
In This Issue: *RMBS Litigation - Assured Wins $90 Million in Damages in RMBS Breach of Contract Trial - DOJ Brings Civil Fraud Action Against S&P - S&P Seeks Declaration That Credit Ratings Are Immune From...more
On February 7, Fitch updated its criteria for asset related risks of commercial real estate loans used as collateral for covered bonds....more
On February 4, the Department of Justice filed a complaint in the Central District of California against two Standard & Poor’s entities in connection with credit ratings S&P provided for certain RMBS and CDOs....more
In This Issue: *Financial Industry Developments - SEC Extends Exemptions for Security-Based Swaps - Fed Announces Release Dates for Results of Supervisory Stress Tests and CCAR - Rating Agency Developments...more
On February 1, Fitch updated its methodology for analyzing non-performing loan securitizations. On February 1, Fitch updated the public sector liquidity and spread assumption addendum for its covered bonds criteria....more
In This Issue: *Financial Industry Developments - CFPB Rule on Originator Compensation - Treasury and IRS FATCA Regulations - Rating Agency Developments *Recent Orrick Alerts - Derivatives Reform in...more
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