The Return of TALF Fund Opportunities Via COVID-19 Relief
In a quieter deal market characterized by global regulatory and geopolitical uncertainty, oil & gas companies were generally well capitalized with strong balance sheets. Recent consolidation, alongside market-imposed capital...more
In January 2026, the European Central Bank ("ECB") introduced a fast-track assessment for certain capital operations and significant risk transfer ("SRT") securitizations, cutting typical decision times from about three...more
The Council and the Parliament have published their respective compromise positions and draft rapporteur reports on the Commission's proposals to revise the EU's securitisation framework. Extensive changes are proposed...more
As the global data center and related power infrastructure build-out continues at an unprecedented pace, the magnitude of the required capital is measured not in millions or billions but in trillions of dollars. J.P. Morgan...more
The aviation asset-backed securitization (ABS) market continues to strengthen. Aviation ABS activity in 2025 exceeded US$10.3 billion in public issuances across 16 deals, and several first-time issuers entered the market....more
Structured finance has provided Mexican borrowers with a reliable source of capital through a period of political and macroeconomic uncertainty - In an uncertain market, where Mexican lenders have grappled with new...more
Based in New York, Mike has over 13 years of banking experience, and a degree in finance and mathematics from the University of Notre Dame. With PNC since 2014, Matt is based in Philadelphia and has a degree in economics and...more
In this alert, we assess the impact of the proposed amendments to the EU securitization framework (which we discussed in detail in our previous article) on EU banks’ ability to reduce capital requirements using significant...more
On September 26, the SEC announced the publication of a concept release requesting public comment on potential improvements to its rules governing residential mortgage-backed securities (RMBS) and elements of asset-backed...more
I’d like to direct your attention to my ex Dechert partner (he’s not ex, I am), Will Cejudo, and his recent OnPoint about the eponymously-titled Pancake REMIC. (Regrettably, no one is paying me for this, I’ve got to figure...more
As institutional demand for exposure to private markets continues to accelerate, rated feeder funds have emerged as a compelling solution to bridge the gap between alternative asset strategies and credit-sensitive investor...more
In this seven part series, Barnabas Finnigan and Nick Ward dissect special purpose vehicles and bankruptcy-remote orphan structures of the type used in the US CLO market. Together they explore how SPVs are formed, how they...more
The Securities and Exchange Commission (SEC) has published a concept release inviting public comment on potential reforms to disclosure requirements for residential mortgage-backed securities (RMBS) in the registered...more
On September 26, 2025, the Securities and Exchange Commission (SEC) published a concept release to solicit comments on whether to amend the asset-level disclosure requirements for residential mortgage-backed securities (RMBS)...more
In Andersen v. Bank of N.Y. Mellon f/k/a The Bank of New York, as Trustee for the Certificate Holders of the CWABS Inc. Asset Backed Certificates, Series 2007-1, the Supreme Court of New York, Richmond County held that the...more
In our previous article, in order to provide some background as to data centres as an asset class, we looked at data centres' real estate fundamentals, where in the world they are located, and different types of data centre. ...more
On September 26, 2025, the Securities and Exchange Commission published a concept release requesting comments on whether to amend the asset-level disclosure requirements for residential mortgage-backed securities (RMBS) in...more
Competition among hyperscalers for market dominance in cloud computing and artificial intelligence (AI) has created a capital-intensive race for developers to build out the next generation of data center infrastructure. To...more
Tricolor Situation Overview - Tricolor Auto Acceptance, LLC (“Tricolor”), founded in 2007, is a “buy here-pay here” (“BHPH”) subprime auto finance company. This means that it is both an auto dealer and an auto finance...more
In this Law360 U.K. Expert Analysis series, practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area. In this installment, David...more
On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more
On August 13, 2025, the US Securities and Exchange Commission (SEC) announced the creation of a Statistics & Data Visualizations page on its website. The page provides statistics on capital formation, market participants,...more
The European Banking Authority (EBA) published single rulebook Q&A relating to the Securitisation Regulation. The answers to the questions were given by the European Commission. The Q&A cover...more