Financial Industry Developments

Treasury Department Report: Decreasing Regulatory Burdens, Increasing Regulatory Accountability and Fostering Economic Growth

On June 12, 2017, the U.S. Treasury Department released its report to the President, "A Financial System That Creates Economic Opportunities – Banks and Credit Unions," authored by Steven Mnuchin, Secretary, and Craig Phillips, Counselor to the Secretary. The report sets forth the Treasury Department's analysis and recommendations on a wide range of bank and credit union regulatory reform proposals, including the following with regard to certain lending and financing matters, which are set forth in a section of the report titled "Providing Credit to Fund Consumer and Commercial Needs to Drive Economic Growth." Read the full article here.

Rating Agency Developments

On June 14, 2017, Moody's released a report entitled Global Passenger Railway Companies. Report.

On June 14, 2017, Moody's released a report entitled Global Manufacturing Companies. Report.

On June 14, 2017, Moody's released a report entitled Medical Product and Device Industry. Report.

On June 13, 2017, Fitch issued a report entitled Fitch Updates Future Flow Securitisation Criteria; No Rating Impact. Release.

On June 13, 2017, Fitch issued a report entitled Fitch Revises Distressed Debt Exchange Rating Criteria. Release.

On June 13, 2017, Moody's released a report entitled Regional and Local Governments. Report.

On June 13, 2017, Moody's released a report entitled Financial Statement Adjustments in the Analysis of Financial Institutions. Report.

On June 9, 2017, Fitch issued a report entitled Fitch Updates RMBS Lender's Mortgage Insurance Rating Criteria; No Rating Impact. Release.

On June 8, 2017, Moody's released a report entitled Moody's Approach to Rating Structured Finance Interest-Only (IO) Securities. Report.

On June 8, 2017, Fitch issued a report entitled Fitch Releases Updated Thermal Power Project Rating Criteria. Release.