Consumer ABS

Royal Bank of Scotland (RBS) appointed Scott Eichel has been appointed global head of securitized products and head of U.S. credit for its markets franchise within its global banking and markets unit.

Panelists at ASF 2011 looked at the business implications of securitization policy reforms given that there are supposedly over 200 rulemakings and over 19 provisions associated with securitization in the Dodd-Frank Act.

Data presented in the student loan panel at this week’s ASF 2011 held in Orlando showed that enrollment rates remain steady and exhibit continues growth. Simultaneous with this, however, is the increase in education costs.

A panel at ASF 2011, which is being held in Orlando this week, discussed the implications of the legislative mandate under 939A of the Dodd-Frank Act to reduce reliance on credit ratings. Panelists also explored potential alternatives to credit ratings.

ABS issuance will be slightly north of last year’s, according to panelists in today’s 2011 market outlook panel at ASF 2011. The conference is being held in Orlando this week.

There have been shifts in consumer behavior seen through credit scores, according to panelists at an ASF 2011 panel yesterday called Consumer Credit Metrics and Evaluation. The conference is being held this week in Orlando.

Barclays Capital is currently marketing the first whole business securitization since the financial crisis.

The Federal Deposit Insurance Corp. (FDIC) Friday named Michael Krimminger, a close aide to Chairman Sheila Bair, as the agency's new general counsel.

Intex Solutions introduced INTEXcalc, a new end-user application offering transparency, ease of use, and speed in analyzing structured finance securities.

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.