Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
More articles
More articles
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Morningstar has released the methodology it will use to rate residential mortgage-backed securities.
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Pittsburgh-based PNC says it expects to post $76 million in losses from forced repurchases of mortgages in the second quarter.
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Jamie Dimon, ceo of JPMorgan Chase, expressed regret at a Senate Banking Committee hearing over losses from derivatives executed through the investment bank’s chief investment office, saying the trading strategy was “poorly conceived and vetted,” that traders took risks they did not understand, but that the Volcker Rule’s ban on proprietary trading was unnecessary.
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The Securities Industry and Financial Markets Association is pressing the U.S. Federal Housing Finance Agency to merge additional operations of Fannie Mae and Freddie Mac.
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Andrew Bellis has left as head of collateralized loan obligations at Credit Suisse. .
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Regulation, as expected, is a main theme of the Global ABS conference and the topic took center stage Wednesday morning in a spirited discussion on the cumulative impact of new regulations.
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Recently, when reviewing the latest proposal of Solvency II treatment of securitization, as published by Fitch Ratings, and the European Central Bank securitization repo haircuts in current use, we were struck by a number of discrepancies in the treatment of the different fixed-income products.
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The combination of regulatory reforms and ongoing market challenges is forcing both banks and other financial institutions to review their business models and ensure they are optimally structured for the new environment.
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Securitization professionals and policymakers alike whistle the same tune, but they sing different lyrics: proposed regulations need to simultaneously address the future stability of the global economy without snuffing out the markets that drive it.