CDOs

Like a pesky cold, the loan market just can’t shake the “skin in the game” provision — a risk retention rule in the Dodd-Frank bill that would require “a securitizer” to retain 5% of the assets of a securitized vehicle.

Fitch Ratings downgraded four senior tranches from three European CLOs of leveraged loan transactions.

Churchill Financial Group is jumping on the business development company bandwagon.

While saying JPMorgan Chase & Co. had enough capital already to comply with new Basel III requirements, Jamie Dimon, the bank's chairman and chief executive, said regulators had gone too far in crafting the international capital accord.

The Securities and Exchange Commission (SEC) announced Tuesday that Wells Fargo Securities agreed to settle charges that Wachovia Capital Markets engaged in misconduct in the sale of two CDOs tied to the performance of RMBS as the U.S. housing market was beginning to show signs of distress in late 2006 and early 2007.

KKR plans to offer a closed-end fund that invests in loans and other fixed-income securities issued by below-investment grade companies.

Jay Hohman has landed a position as managing director at Cohen & Company Capital Markets.

Investors have proven slow to return to the European securitization market. The limited appetite has been matched by a lackluster amount of securitization supply that market analysts said has created an imbalance in secondary and primary securitization pricing.

Formulating the rules to implement the Dodd-Frank Act has proven to be challenging. Regulators both missed and moved deadlines to accomplish this monumental task.

The FDIC held a meeting March 29 to discuss its risk retention rules and the much debated QRM qualification.

Two and a half years after the global financial markets imploded, the dust has begun to settle, providing a clearer view on which sectors of the securitization market will thrive-and which won't.

Despite recent reports of people changes at some of Wall Street's biggest players in the securitization market, finding work, even for experienced hands, is still no easy task.

As the structured finance market struggles to make sense of myriad new rules stemming from the Dodd-Frank Act, it's become clear that rating agency reform initiatives from the regulators have largely been put on hold.

Although the current syndicated loan and high-yield debt markets are booming, they remain largely unavailable for “turnaround” situations and lower middle-market borrowers seeking to raise funds, according to the Financial Restructuring Quarterly Update report Morgan Joseph TriArtisan issued on Monday.

While default and deferral rates for U.S. bank trust preferred security CDOs remain flat, the sector saw a first last month when a tender offer was accepted in connection with a CDO, according to Fitch Ratings.

The American Securitization Forum (ASF) opened a Washington, D.C. office in an effort to further its advocacy efforts on behalf of the securitization markets.

Business development companies, closed-end funds that invest in the debt and equity of private companies, took their lumps during the credit crisis, but they are suddenly hot commodities.

The 11 banks contesting MBIA’s February 2009 restructuring have long said the regulatory process allowing the move was based on outdated and inaccurate financial information. Now, they have evidence.

Moody's Investors Service would like to hear from market participants regarding proposed changes to its modeling framework for cash-flow CLOs.

Troubled bond insurer Ambac Assurance Corp. posted a gain in its statutory surplus even as its bankrupt parent recorded a net loss in its fourth-quarter filing Wednesday.