Consumer ABS

The Bank of England (BofE) published detailed data and other requirements for securitizations to remain eligible under its discount window.

Americold Realty Operating Partnership is in the market with a $600 million securitization backed by cold storage facilities. The deal is called Americold 2010 Trust Series 2010-ART.

The removal of FFELP is a going concern for certain student loan issuers/servicers that have predominantly existed for the purpose of purchasing,originating,and servicing loans under the program, a Fitch Ratings report said.

The European securitization market saw the return of regular new issuance with approximately €75 billion ($98.2 billion) distributed to end investors year-to-date. However, the uptick in primary volumes is still dwarfed by the retained securitizations that remain on issuers balance sheets.

ABS market players have certainly learned their lesson from the problems that led to the financial crisis.

The Securities and Exchange Commission (SEC) put on hold one change that could have shuttered the ABS market starting in early January. But a long line of proposals marching into 2011 will keep ABS compliance departments busy and, in some cases, may fundamentally alter the market.

Many segments of U.S. structured finance were forced to play defense to varying degrees during the last few years in light of this past economic recession. Much of 2010 was viewed as a year of 'lessons learned'. But now with the economic recovery slowly underway, we may finally begin to see U.S. structured finance turn the corner towards stability in 2011. Fitch's Rating Outlook for U.S. structured finance is Stable.

The Bank of England issued a market notice indicating that it plans to move ahead with new disclosure requirements, according to a Reuters report.

Thomas Parachini has joined SNR Denton's London banking and finance department.

Law firm Nixon Peabody has named veteran partner Craig Mills as head of its global finance practice, which it plans to expand, the firm said today.