ABS

A counterparty credit risk survey conducted by Quantifi shows financial firms have already or plan to implement major changes in their counterparty risk systems.

The American Securitization Forum (ASF) will have Securities and Exchange Commission (SEC) Chairman Mary Schapiro as keynote speaker at its 2011 annual meeting in Washington, D.C. on June 22.

A Lloyds TSB Bank hybrid ABCP, Cancara Asset Securitization, has restructured two transactions to remove structured liquidity support that had substantially limited the risk of deterioration of credit quality of the receivables pools for commercial paper holders.

Principia Partners released the latest version of its structured finance platform called Principia SFP.

Despite assertions they got off relatively lightly in the Dodd-Frank Act, foreign banks operating in the U.S. are increasingly worried they will be targeted by some of the regulatory reform law's toughest provisions.

First Capital has renewed and extended the maturity on its $150 million senior secured credit facility with DZ BANK.

The Securities and Exchange Commission (SEC) voted unanimously to propose new rules and amendments for increasing credit rating transparency and improving their integrity.

MBIA's chief executive officer said Wednesday that it is only a matter of time before the troubled bond insurer is reimbursed by financial institutions for its losses related to RMBS that it insured during the housing boom.

Healthcare Finance Group is in the market with $93 million of healthcare receivables-backed notes. The Series 2011-1 notes are being issued in anticipation of the expected maturity in June 2011 of the issuer’s Series 2006-1 notes, according to a Moody's Investors Service presale report.

Barclays Capital and Goldman Sachs have released price guidance on the 144A ABS for drive-in restaurant chain Sonic Corp. called SONIC Capital Series 2011-1.

Fitch Ratings has set up a page of performance markers for structured finance deals across the globe on its web site, the agency said today. The page will link to over 40 performance-based products, and in part is a response to investor demands for more transparency. Among its features are U.S. RMBS performance and loss metrics, Australia’s RMBS Dinkum Index, and the Mexican RMBS Performance Update.

The Financial Industry Regulatory Authority (FINRA) issued a trade reporting notice today regarding when to report ABS to the Trade Reporting and Compliance Engine (TRACE).

Ally Bank is in the market with Ally Master Owner Trust Series 2011-3 (AMOT 2011-3), which is backed by receivables originated in connection with the purchase and financing by motor vehicle dealers of their new and used car and truck inventory, according to a DBRS presale report.

Banco Santander Brazil has raised $100 million on the U.S. private placement market through a diversified payment rights (DPR) deal, according to sources.

After boosting its securitized products origination group just last week, Barclays Capital has hired more personnel for its ABS operations.

The House Capital Markets and GSE subcommittee late Tuesday advanced a bill to create a U.S. covered bond market but major issues need to be worked out first before the measure is ready for a full committee markup.

The commodities and listed derivatives firm under the guise of former New Jersey Governor Jon Corzine said today that it has taken steps to expanding its capital markets and institutional sales teams with the firm’s recent slew of new hires.

The earthquake and tsunami that struck Japan last month gave the catastrophe bond market its biggest test since Lehman Brothers collapsed in 2008, and the early indicators suggest that it passed.

For years esoteric ABS kept its little brother status in a securitization market that was largely dominated by more conventional asset classes.

CoreLogic and Asset Securitization Report sponsored a Web seminar called Today's Best Practices in RMBS Due Diligence. The event was moderated by Michael Stanton, executive vice president for SourceMedia's capital markets division.