Perhaps no one in the world knows international capital rules better than Stefan Walter, the secretary general of the Basel Committee on Banking Supervision. The former New York Fed official took Basel's lead staff job five years ago and has played a key role in shaping the Basel III rules.
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Residential home prices may get a boost from an unlikely source: a pickup in short sales, which occur after default, but before a foreclosure auction.
October 19 -
The buy side and the sell side at the Securities Industry and Financial Market Association are in agreement and sticking to their guns on some issues that could shape how shelf eligibility for securitizations will take shape, including the issuer's certification, the role of a credit risk manager in transactions and arbitration.
October 19 -
Cerberus Capital Management, L.P., appointed J.P. Morgan Worldwide Securities Services to provide fund administration and related securities services for its investment funds with aggregate assets of over $23 billion.
October 19 -
The rising cost of education coupled with federal loan limits on direct lending presents a growing opportunity for private student loan funding in the long run, according to the panelists at the IMN's ABS East 2011 Student Loan panel.
October 19 -
Rising foreign investment flows into U.S. commercial real estate bode well for the CMBS sector, said Standard & Poor’s in a release.
October 19
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The Mortgage Bankers Association reported mortgage application activity dropped 14.9% in the week ending October 14 in response to further increases in mortgage rates.
October 19 -
Federal Reserve Board Chairman Ben Bernanke on Tuesday emphasized the role of central banks in preserving financial stability, arguing it must have equal footing with their monetary policy responsibilities.
October 19 -
Citigroup’s tender for the equity income notes issued by Skytop CLO resulted in it acquiring 46.77% of the $31 million of this class of securities outstanding.
October 19 -
Freddie Mac economists are expecting a surge in refinancings during the fourth quarter and recently increased their origination forecast for the period by nearly 70%.
October 19 -
Bank of America said it is receiving more buyback requests for older vintages of loans from Fannie Mae and plans to contest some of these claims regarding breaches of representations and warranties.
October 19 -
Striking a rare note of optimism in the structured finance market, Clayton Holdings is starting up a securitization group to help the private market prepare for the return of non-agency RMBS, the consultancy said in a release.
October 18 -
Reinstating trust in the ratings process is key to growing investor interest, according to buyside participants in a Tuesday panel at the ABS East conference hosted by Information Management Network.
October 18