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Credit Suisse hired Dale Westhoff as the global head of structured products research. Westhoff. who will be based in New York, will focus on MBS, ABS and other structured products.
February 3 -
Most people believe the Basel III capital rules are buttoned up. International regulators worked hard, agreed in December to impose tough standards and then gave bankers eight years to meet them.
February 2 -
The head of the only active U.S. bond insurer on Tuesday ridiculed the new bond-insurer ratings methodology proposed by Standard & Poor’s as unjustified, irrational, and too subjective.
February 1 -
All the rating agencies have recently issued warnings about or downgraded re-securitizations, known as re-REMICs, and while those deals issued over the last few years appear hardy enough to withstand another housing downturn, their resemblance to infamous CDOs raises concerns.
February 1 -
After the near collapse of the Canadian securitization market in August 2007, 2010 saw a strong resurgence in term ABS issuance in Canada. Among other things, there were 16 public deals with combined total issuance of more than CAD$11 billion. There were also signs of renewed activity in the ABCP market with conduits taking on new deals with originators who had been largely frozen out of this market over the last few years. Overall, there is a general sense of optimism about the market and, as a result of both market forces and government action, it's fair to say that the Canadian securitization market is, if not perfectly well, at least comfortably on the road to recovery.
February 1 -
Michael Callen, executive chairman of bankrupt bond insurance holding company Ambac Financial Group, announced his resignation Friday afternoon.
January 31 -
Standard & Poor’s is considering whether Assured Guaranty’s credit is really 'AA-plus'. The credit-default swap market made that decision a while ago and its verdict is no.
January 26 -
Ambac Assurance Corp.’s rehabilitation plan was accepted Tuesday by a Wisconsin state court.
January 25 -
Cadwalader, Wickersham & Taft hired Joseph Beach for its Charlotte office as special counsel in the capital markets department. His practice will focus on loan finance and securitization.
January 25 -
The American Securitization Forum (ASF) released its detailed agenda for its ASF 2011 conference that will be held in Orlando, Florida from Feb. 6-9.
January 25
