The risk-retention requirements of the Dodd-Frank Act (DFA) were enacted in the belief that they would improve the quality and reduce the risk of securitized mortgages by requiring securitizers to ...
Policy makers and lawmakers are tossing this notion of “risk retention” around as if it were a magic pill, but it could be a fatal potion for any future funding of essential consumer and commercial ...
Considerable uncertainty surrounds the recently postponed issuance of the mortgage securitization regulations required by the Dodd-Frank Act (DFA). In particular, two critical decisions involve the ...
Before trying to understand the basics of the new risk retention regulations in commercial mortgage-backed securities, one must first understand the risk model of CMBS in general. In the olden days of ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The San Francisco Fed has a new paper that tries to answer the question of whether mandatory risk retention for ...
The LSTA Wednesday evening submitted its comment letter on the revised risk-retention requirements outlined under Dodd-Frank to joint federal regulators (including the Federal Reserve, the Office of ...
There are the five stages of grief, and there’s an analogous process that financial institutions go through when confronted with new regulations. First, they predict the industry’s demise; then they ...
Can securitisations be treated as loan exposures when calculating risk-based capital requirements? That is the question three big US banks – Bank of America Merrill Lynch, Morgan Stanley and Wells ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US federal agencies on Tuesday published 233 pages of proposed rules around credit risk retention for sponsors ...
NEW YORK, April 19 (Reuters) - Rules requiring Collateralized Loan Obligation (CLO) managers to hold onto a portion of their fund's risk may also force them to pony up millions of dollars before ...