Consumer ABS

Microfinance securitizations tend to be closely tied to the ratings of the originator/servicer, said Fitch Ratings Director Deep N. Mukherjee in a recent report. “In the absence of suitable mitigants with respect to such counterparties, Fitch will link the rating of the transactions to the rating of the originator/servicer,” Mukherjee said.

Securitization analysts said that it's likely that volumes will begin tapering off after Thanksgiving and for the rest of the year.

As the chief executive of Royal Bank of Canada's U.S. wealth management business, John Taft works in Minneapolis and reports to Toronto. But now, as a leading voice of the securities industry lobby, he will be devoting much more of his time to Washington.

Despite the primary markets somewhat opening and previously retained offerings being placed in 2010, the overhang of retained securitized debt stayed significant, according to the quarterly report, according to a report from the Association for Financial Markets in Europe (AFME) and the European Securitization Forum (ESF).

Regulators are close to the final version of the implementation of minimum due diligence requirements under the European Capital Requirements Directive Rule 122A.

Though the Consumer Financial Protection Bureau (CFPB) has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.

AmeriCredit Financial Services is further boosting volume in the auto sector with a deal called AmeriCredit Automobile Receivables Trust 2010-4 (AMCAR 2010-4).

At a press conference following the European Central Bank's (ECB) rate decision last week, its President Jean-Claude Trichet said that the ECB is looking to create disincentives for banks who refinance exclusively through the bank.

DBRS hired Mike Babick for its structured finance group as a senior vice president effective Nov. 1.

Structured finance advisory firm Paladin Advisors hired Steve Campo as a managing partner in advisory services. Campo has over 30 years of experience as an accountant, issuer, financial guarantor and advisor in the ABS industry.