Issue 317 - 2nd January
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News
- Risk Management
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Clearinghouse collateral warning
The nature of the collateral that clearinghouses collect and how they help clients manage and deploy that collateral will be the primary factors by which they are judged, says S&P. How they manage risk and address client demand will determine...
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- Risk Management
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Job Swaps
- Structured Finance
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Law firm adds SF trio
Cadwalader, Wickersham & Taft has elected new partners, including a trio of structured finan...
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- CDO
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Lehman CDO suit settled
CIBC has reached a settlement to remit US$149.5m (US$110.3m after tax) to the Lehman Estate. The set...
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ABS CDOs transferred
Cairn Capital is replacing Aladdin Capital Management as collateral manager on Altius I Funding, Alt...
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- CDS
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ICE closes in on NYSE Euronext
IntercontinentalExchange will acquire NYSE Euronext in a stock-and-cash transaction next year, while...
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- CLOs
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CIFC snags CLO chief
John Wu has joined CIFC Corp as md and portfolio manager focusing on structured investments. He has...
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- RMBS
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BAML sued by Merrill trusts
Two Merrill Lynch RMBS trusts, acting through the trustee US Bank, have filed a complaint in New Yor...
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- Structured Finance
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News Round-up
- ABS
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SLABS outlook remains negative
The outlook for US student loan ABS remains negative, says Moody's. That is the case for both privat...
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PAYE repayment plan welcomed
Fitch believes that the 'Pay as You Earn' income-based student loan repayment plan could have a posi...
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Italy, Spain ABS reviews complete
Moody's has revised key collateral assumptions in 29 Italian and Spanish ABS transactions backed by...
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- Structured Finance
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Further Basel questions answered
A fresh set of FAQs on Basel 3's counterparty credit risk and exposures to central counterparties ha...
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SF loss risks 'overestimated'
The Basel Committee on Banking Supervision's latest proposals on the capital treatment of securitisa...
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IOSCO publishes rating agency reports
IOSCO has published two reports on credit rating agencies (CRAs). The first is a final report on int...
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Canadian covered bonds 'riskier'
Moody's believes new guidelines from the Canada Mortgage and Housing Corporation (CMHC) will result...
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ESMA provides forbearance guidance
ESMA has issued a public statement on forbearance practices in IFRS financial statements. It is conc...
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ESMA seeks CRA opinions
ESMA has launched a consultation paper on guidelines for the scope of credit rating agencies (CRA) r...
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- CDO
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Euro ABS CDOs reviewed
Fitch has completed a review of European high grade and mezzanine ABS CDOs, which addressed the rati...
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ABS CDO on the block
An auction has been announced for Sunrise CDO I. It will be held on 14 January, but the trustee shal...
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Trups CDO cures trending higher
US bank Trups CDO defaults and deferrals remained stable at 30.7% of the original collateral notiona...
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Endeavour vote rescheduled
In the first of the votes to unwind the nine series comprising A$250m of Australian CDOs in limbo as...
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ABS CDO auction unsuccessful
The auction for RFC CDO I announced last month (SCI 10 December) did not lead to a sale of the secur...
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Upcoming CDO auctions announced
An auction has been scheduled for 11 January for Bristol CDO I and for 18 January for the Belle Have...
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- CDS
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Cross-border swap reprieve announced
The CFTC has announced that it will delay cross-border enforcement of certain derivatives requiremen...
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EMIR standards adopted
The European Commission has adopted nine regulatory and implementing technical standards to compleme...
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CCP consultation paper launched
ESMA has published a consultation paper on guidelines for the assessment of interoperability arrange...
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- CMBS
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Mixed outcomes for EMEA CMBS
The total number of EMEA CMBS loans in special servicing declined in November, according to Moody's,...
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Euro CMBS in restructuring first
The €4.3bn GRAND transaction, the largest CMBS ever issued in Europe, has been restructure...
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Sale agreed for large CMBS loan
A sale agreement has been reached for the largest loan backing TITN 2007-CT1X. A sale agreement for...
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- ABS
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