Consumer ABS

The European Central Bank (ECB) made changes to the language in its guidelines on monetary policy instruments and procedures last week.

The International Organization of Securities Commissions (IOSCO) published recommendations for market interventions and securitization in emerging markets after meeting at Istanbul last week.

American Honda Finance Corp. (AHFC) is in the market with an auto loan securitization called Honda Auto Receivables 2010-3 Owner Trust (HAROT 2010-3). The deal is managed by BNP Paribas and JPMorgan Securities.

The $3.847 billion securitization for the National Credit Union Administration (NCUA) has come to market. This is the first in a series of securitizations for the NCUA.

Bingham expanded its Hong Kong office by adding three partners namely, Laurence Isaacson, Vincent Sum and Mark Fucci.

The Securities and Exchange Commission (SEC) is considering rules that would require ABS issuers to perform a review of the assets underlying the securities, and to disclose information relating to the review.

Markit has agreed to acquire the Loan/SERV messaging portal from the Depository Trust & Clearing Corporation (DTCC).

The merger of the Office of the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS) is shaping up to be the match made in regulatory hell.

Ambac Financial Group said that the Wisconsin Office of the Commissioner of Insurance (OCI) has filed its Plan of Rehabilitation for the Segregated Account of Ambac Assurance Corp. in Dane County Circuit Court in Wisconsin.

Investec is in the market with a U.K. RMBS deal worth ₤186 million ($295.26). Barclays Capital and Investec Bank are managing the eight-tranche transaction called Residential Mortgage Securities 25 (RMS 25).