CDOs

Fifth Street Asset Management (FSAM) is adding David Heilbrunn as a managing director and member of its management committee, the Greenwich, Conn.-based company said Thursday.

Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.

As part of its asset backed securities purchasing program (ABSPP) launched in November, the ECB is buying portions of senior tranches and encouraging market investors to join in.

Final rules requiring sponsors of securitizations to retain “skin in the game” were published in the Federal Register today.

Regulatory clarity is an integral factor in Fitch Ratings stable outlook for the securitization market in 2015.