CMBS

The Bank of England (BoE) has introduced additional eligibility and disclosure requirements for ABS and covered bonds to be accepted in its operations. It has also extended the range of collateral eligible for its discount window facility (DWF) to include portfolios of loans to individuals and non-banks. The extension will take place in 2011.

Although the Senate finally voted Thursday to send regulatory reform to the president's desk, policy circles are already abuzz about what changes to seek in a "corrections" bill to fix problems with the legislation.

The Securities and Exchange Commission’s (SEC) division that reviews public company filings is creating three specialized offices to enhance its disclosure review and policy operations, the SEC announced today.

This week two separate reports showed that vacancy rates in the commercial real estate sector have dropped. This bodes well for future CMBS performance.

Default rates on loans backing Japanese CMBS is at its highest to date, exceeding the previous peak of JPY192.4 billion ($2.2 billion) at end-September 2009, Fitch Ratings said in a report released today.

At the Securities Industry and Financial Markets Association's (SIFMA) regulatory reform summit held in New York yesterday, panelists discussed the just-passed regulatory reform bill's impact on the financial industry.

Panelists at the Securities Industry and Financial Markets Association’s (SIFMA) regulatory reform summit discussed the implications of the newly passed financial reform bill on the securitization industry. The gathering was held yesterday in New York.

Moody’s Investors Service has established a new team within its structured finance group. The brand new unit will conduct quantitative analysis and empirical research across asset classes and geographic regions.

The Senate voted 60 to 39 this afternoon to approve sweeping changes to the financial regulatory system designed to address the causes of the 2008 financial crisis.

The U.S. Treasury Department has already started a rigorous implementation planning process to prepare for when the financial reform legislation is finalized.