On June 5, Fitch published a methodology for U.S. RMBS Seasoned and Reperforming Loans. Methodology....more
On February 22, Fitch released the following report: What Investors Want to Know: ESG Relevance Scores (Marking the Intersection of Credit Risk and ESG Risks). Report....more
On November 20, DBRS issued a report outlining its methodology for rating European Structured Finance Transactions. On November 19, Fitch issued rating criteria for Dealer Floorplan ABS....more
On October 10, DBRS published a rating methodology regarding Derivative Criteria for European Structured Finance Transactions. Release....more
U.S. Financial Industry Developments - Community Reinvestment Act: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings... ...more
U.S. Financial Industry Developments - CFTC Proposes Rules to Simplify Process for Foreign Clearing Organizations to Obtain DCO Registration Exemption - On August 8, 2018, the Commodity Futures Trading Commission (CFTC)...more
U.S. Financial Industry Developments - CFTC and SEC Announce Approval of New MOU - On June 28, 2018, the Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") announced that...more
U.S. Financial Industry Developments - ISDA, AFME, ICMA, SIFMA and SIFMA AMG Publish Global Benchmark Report - The International Swaps and Derivatives Association (ISDA), the Association of Financial Markets in Europe...more
On June 19, 2018, Fitch published its rating criteria for U.S. Federal Family Education Loan Program Student Loan ABS. On June 19, 2018, Fitch published its rating criteria for EMEA CMBS....more
U.S. Financial Industry Developments - Credit Agreements Will Require Important Updates If a Proposed New Delaware Law Is Passed - The Delaware legislature is currently contemplating an amendment to the Delaware Limited...more
CFTC Staff Issues Interpretive Guidance Regarding Exemption from Aggregation - On May 2, 2018, the Commodity Futures Trading Commission's ("CFTC") Division of Market Oversight issued a CFTC staff letter with interpretive...more
On April 25, 2018 Moody’s published a rating methodology for Generic Project Finance. Release. On April 24, 2018 S&P published a table of contents for S&P’s Global Ratings Structured Finance Criteria. Release....more
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships with Investment Professionals - On April 18, the Securities and Exchange Commission voted to propose a package of...more
On April 12, 2018, DBRS published a report entitled: European RMBS Insight Methodology. On April 12, 2018, Moody’s published its methodology for rating US States and Territories....more
Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of $500,000 or Less from Appraisal Requirements: On April 2, 2018, the Board of Governors of the Federal Reserve System, the Federal...more
On April 3, DBRS updated its North American CMBS Multi-borrower Rating Methodology. Release. On April 3, Fitch issued rating criteria for RMBS Lenders’ Mortgage Insurance. Release....more
Home Mortgage Disclosure Act: FFIEC's Revised 'A Guide to HMDA Reporting: Getting It Right!' On March 14, 2018, the Office of the Comptroller of the Currency published an updated resource providing guidance for complying...more
On March 8, 2018, Fitch issued a report entitled: Fitch U.S. RMBS Loss Metrics. Release. On March 8, 2018, Kroll issued a report entitled: Financial Institutions: Securities Firm Rating Methodology. Release....more
On February 28, 2018, Moody’s published a list of Outdated Credit Rating Methodologies. Release. On February 28, 2018, DBRS published an updated analysis criteria for Commercial Real Estate Property. Release....more
FRB Requests Public Comment on Proposal to Amend Regulation A - On December 4, 2017, the Federal Reserve Board ("FRB") requested public comment on a proposal to amend Regulation A to make certain technical adjustments,...more
On November 1, 2017, DBRS issued a report entitled: Rating Canadian Trade Receivables Securitization Transactions. Report. On November 1, 2017, DBRS issued a report entitled: Rating Canadian Credit Card and Personal Line...more
The moral of this story is as follows: if Maysayoshi Son says the merger’s off, it’s probably off (regardless of what the rest of the board says). We discussed the will they/won’t they status of the T-Mobile/Sprint deal last...more
Texas District Court Rules on Damages Calculations in FDIC’s RMBS Suit Against Goldman Sachs and Deutsche Bank - On September 14, 2017, Judge Sam Sparks of the U.S. District Court for the Western District of Texas granted...more
Federal Reserve Seeks Comments on LIBOR Alternatives - On August 24, 2017, the U.S. Federal Reserve requested public comments on a plan for the New York Federal Reserve and the Office of Financial Research to come up with...more
On July 7, 2017, Kroll published its Research Recap for Q2 2017. Here are several articles of interest: ABS: KBRA Comments on Alitalia Extraordinary Administration Request - AVIATION: 2017 Update Aircraft leasing...more