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On Sept. 15, the Financial Accounting Standards Board published exposure drafts of proposed amendments to FASB's Statement 140 and Interpretation 46(R).
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Events at Tembec, Fannie Mae, Freddie Mac, Lehman Brothers, Landsbanki, Glitnir and Kaupping have focused market attention on the bankruptcy credit event set out in section 4.2 of the 2003 Credit Derivatives Definitions, the ISDA CDS Settlement Protocols and the corresponding auction process.
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Credit card debt in the U.S. is growing faster today than in recent years, following historically low annual growth rates of about 3.3% between 2002 and 2006.
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As the variable annuity business continues to grow, so do challenges to insurance companies in managing the underlying liability. -
On July 2008 a new draft of the Russian securitization law was produced.
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When the G7 financial ministers met in Washington earlier this month, they agreed on a series of five essential steps to stabilize financial markets, restore the flow of credit and support economic growth.
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December will be the 20th anniversary of the "fonds commun de créances," the French benchmark for European securitization vehicles.
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Effective July 1, the U.S. Department of Education began offering to purchase newly originated loans made under the Federal Family Education Loan Program and participation interests in pools of these loans under two new programs, the Loan Purchase Commitment Program and the Loan Participation Program.
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The European Commission recently published a consultation paper containing a number of proposed changes to the Capital Requirements Directive, some of which are intended to address perceived failings in the structured finance markets.
