Regulatory & Accounting

• Hurdles Remain Despite Market Hope For RMBS Restart 09/03/2010 08:14 PM  

  Investors say they want to buy new issue residential mortgage-backed securities and banks are building up their RMBS desks to cater to that demand.

• ASF Auto Comments Finally Get In Gear September 02, 2010 09/02/2010 10:43 PM  

  The American Securitization Forum is calling for tailor-made loan-level disclosure requirements for each type of auto asset-backed securitization in its supplemental Reg AB II comment letter that it filed Tuesday with U.S. Securities and Exchange Commission.

• Traders Get Behind Fed’s Secondary Market Plug 08/30/2010 10:47 PM  

  Agency traders are welcoming the New York Federal Reserve's recent paper on the need to preserve the secondary market when overhauling the government-sponsored entities.

• SEC Gathers Ramsay Back Into the Fold 08/30/2010 09:36 PM  

  The U.S. Securities and Exchange Commission has confirmed that securitization veteran John Ramsay, will rejoin the agency as deputy director in the division of trading and markets after a 16-year hiatus.

• Attorneys: Securitization Labels Too Broad 08/26/2010 10:32 PM  

  The Securities and Exchange Commission could damage parts of the industry with the broad definition of a “structured finance product” it used in its plan to overhaul asset-backed securities regulation, according to an American Bar Association panel.

• Off-The-Run ABS In Pipeline, Slowed By 17g-5 08/12/2010 09:13 PM  

  Several off-the-run asset-backed securities deals have been tied up in the pipeline since the June 30 implementation of the U.S. Securities and Exchange Commission rule change to 17g-5, according to a banker involved in structuring the transactions.

• Market Voices Concerns On Reg AB II Reform 08/10/2010 10:30 PM  

  The U.S. Securities and Exchange Commission has been presented with a laundry list of concerns over its blockbuster plans to revamp Regulation AB and the asset-backed securities market.

• Task Force To Publish Securitization Results By October 08/09/2010 07:12 PM  

  The U.K. task force probing problems with the country’s lending market expects to publish preliminary results as soon as October, according to a spokesman at the British Bankers’ Association.

• Reg AB Battle: Credit Cards In, Autos Out Of ASF Letter 08/06/2010 07:44 PM  

  The whopping 189-page comment letter the American Securitization Forum submitted to the Securities and Exchange Commission on the proposed change to Reg AB does not include any comment on auto asset-backed securities because of investor and issuer squabbling.

• AFME Says Reg AB Will Hurt Euro, Global ABS 08/04/2010 06:06 PM  

  The Securities and Exchange Commission’s proposed new regulations for the U.S. structured finance market will severely disadvantage European and global deals, according to market officials.