Securitization

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.

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.

Stefan Ingves, chairman of the Basel Committee on Banking Supervision, called Friday for global regulators to complete their work on already agreed upon international banking reforms.

Volkswagen Leasing announced a publicly placed German auto loan securitization that will offer investors two tranches.

The Securities and Exchange Commission will vote next week on whether to adopt rules revising the disclosure, reporting, and offering process for asset-backed securities.

The Federal Reserve on Wednesday took another step in its effort to scale down a controversial bond buying program by an additional $10 billion.

Rep. Mark Takano (D-CA) has called for greater regulatory scrutiny of the asset class as a second deal for American Homes 4 Rent is prepped to come to market.