As an investment, cat bonds have drawn attention in recent years after far exceeding returns on other high-risk fixed-income markets.

To keep note repayment on track, credit enhancement comes from subordination, and senior notes benefit from a principal lockout period on the subordinate classes.

Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next vice chair for supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the Fed's regulatory policy review.

Borrowers to test court restrictions as record liability management exercises volume continues

The Trump administration has installed Jeffrey Clark at the Consumer Financial Protection Bureau. Clark, a former environmental lawyer in the Justice Department in the first Trump administration, was indicted as part of the president's efforts to overturn the 2020 election.

The 4th aviation ABS this year indicates a busy year ahead for the sector.

Refis and resets surge in January as AAA spreads continue to tighten

The consortium of businesses intends to work with state regulators to protect consumers as interest from secondary market investors also grows.

The enterprise failed to improve on its net income but did report a steady profit, and got closer to meeting minimum risk-based regulatory capital requirements.

Uncertain economic impact from government actions could drive disruptions

Top banks launch $1.2 billion deal for iconic Seagram Building

Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.