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The big three credit rating agencies have long made the disclaimer that investors should not use ratings as a substitute for independent judgment. Now regulators want banks to prove they aren't doing that.
June 18 -
Pillsbury has acquired a large group of finance and corporate attorneys from Nixon Peabody.
June 18 -
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Many troubled banks are pleading with investors to sell trust-preferred securities back to them at a discount, warning they may fail otherwise. But a small group of investors are calling the banks' requests a bluff.
June 11 -
The American Securitization Forum (ASF) appointed Armando Falcon as Senior Policy Advisor.
June 8 -
Ambac Financial Group said that it has commuted all of its remaining $16.4 billion of exposure to CDOs of ABS.
June 8 -
Oracle Capital, a hedge fund start-up founded by two former Lehman Brothers traders, has selected Quantifi XL for the pricing and analysis of their structured credit portfolio.
June 8 -
European and U.S. industry groups voiced their concerns over a proposed increase in ABS and CDO post-trade transparency disclosures in a joint letter to the Committee on European Securities Regulators (CESR).
June 7 -
DBRS further clarified its interpretation of Securities and Exchange Commission (SEC) rule 17g-5. The credit rating agency disclosed its planned approaches for both exempt and non-exempt structured finance (SF) instruments in light of the changes to the said ruling.
June 3 -
Moody's Investors Service launched a new quarterly newsletter called Structured Credit Perspectives, which was published beginning today.
June 2
