Finance

While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround – and this one allows them to invest in bonds.

Issuance of residential mortgage-backed securities (RMBS) in Russia should keep rising into 2014, according a report from Moody’s Investors Service, which is active in the sector.

George Canellos, the SEC’s former co-director of enforcement, has joined Milbank, Tweed, Hadley & McCloy as global head of the litigation department.

By halting Ocwen Financial's deal to buy a mortgage servicing portfolio from Wells Fargo, New York regulator Benjamin Lawsky has called into question the servicer's ambitious growth plans.

The European Banking Authority (EBA) is now a Permanent Observer of the Prime Collateralised Securities Association (PSCA), making it the first regulator with this status.

The deal from specialty lender International Investment Group is backed by loans to LatAm obligors. More issuance may be ahead.

View the year-to-date manager rankings through Feb. 28 for the different ABS sectors, including real estate, credit cards, student loans, autos, and collateralized debt obligations.

The Basel Committee for Banking Supervision’s second consultative document to revise Basel III’s securitization framework, releasee a few days before Christmas, has not received the significant attention it deserves.

Mitsubishi UFJ Securities (USA), part of Mitsubishi UFJ Financial Group, made three appointments to its structured products team in New York.

GM Financial is taking advantage of the resulting spread compression to start securitization leases (both prime and subprime) and dealer inventory financing.

The rising costs for banks to hold even low-risk, short-term loans — courtesy of Basel III — is a powerful incentive for them to offload their trade finance receivables into securitizations.

The fundamentals of equipment ABS are stronger than ever as lessons learned from the prior two recessions have resulted in quality and performance improvements which will help the asset class weather future economic downturns.

Most new collaterlized loan obligations have the ability to invest in bonds, but only if regulators clarify certain Volcker Rule language.

Demand for catastrophe bonds and other insurance linked securities far outstrips supply, with predicatable results.

Canada's covered bond market restarts, slowly, under a new legislative framework.

New York regulators halted Ocwen Financial's (OCN) deal to buy a mortgage servicing portfolio from Wells Fargo (WFC) out of concern that the nonbank is growing too fast.

Demand for catastrophe bonds and other insurance linked securities far outstrips supply, with predicatable results.

The European Commission’s proposed new Bank Recovery and Resolution Directive (BRRD) will have the most impact on covered bonds in 2014, becasue the bonds are not be subject to a so-called “bail-in", said Standard & Poor’s.