More than a decade after its initial proposal,1 the US Securities and Exchange Commission (SEC) has re-proposed a new rule 2 under the Securities Act of 1933, as amended (the Securities Act), prohibiting material conflicts...more
The US Treasury Department and the Federal Reserve Bank of New York (the New York Fed) have announced the complete terms of a new Term Asset-Backed Securities Loan Facility (TALF) program, which is intended to address the...more
The new Term Asset-Backed Securities Loan Facility (TALF) program, which is intended to address the liquidity crisis caused by the coronavirus (COVID-19) global pandemic through non-recourse lending collateralized by...more
As of May 28, 2020 -
The US Treasury Department and the Federal Reserve Bank of New York (the New York Fed) have announced the complete terms of a new Term Asset-Backed Securities Loan Facility (TALF) program, which is...more
The US Treasury Department and the Federal Reserve Bank of New York (the New York Fed) have announced the complete terms of a new Term Asset-Backed Securities Loan Facility (TALF) program, which is intended to address the...more
The US Treasury Department and Federal Reserve Bank of New York recently released a new set of FAQs and a revised term sheet for the new Term Asset-Backed Securities Loan Facility (TALF) program, which is intended to address...more
The US Treasury Department and Federal Reserve Bank of New York last week announced changes to the new Term Asset-Backed Securities Loan Facility (TALF) program, which is intended to address the liquidity crisis caused by the...more
A financial crisis-era program is being resurrected to fight the liquidity crisis caused by the global coronavirus (COVID-19) pandemic through lending collateralized by new issuances of asset-backed securities....more
In order to finance ABS interests retained as required by the credit risk retention rules, a securitization sponsor first must wend its way through a thicket of unclear and sometimes apparently contradictory requirements....more
The challenges of complying with both the US rules and the EU rules.
Both United States and European Union laws now require 5 percent credit risk retention for securitization transactions. While the jurisdictional scope...more
2/27/2017
/ Asset-Backed Securities ,
Dodd-Frank ,
EU ,
Hedging ,
Interest Rates ,
Multi-Jurisdictional Litigation ,
Qualified Residential Mortgages (QRB) ,
Risk Retention ,
Securities Act of 1933 ,
Securitization ,
Sponsors
The new private resale safe harbor is unlikely to gain traction in private offerings of asset-backed securities.
On December 4, 2015, US President Barack Obama signed into law the Fixing America’s Surface Transportation...more