| | Transitioning to IFRS : Overview of IFRS 1
As the adoption of International Financial Reporting Standards (IFRS) becomes a more likely possibility in the United States, many US companies are beginning to think about what their initial financial statements will look like when they convert from ...more
Ernst & Young LLP (8/27/2008)
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| | SEC Proposes Roadmap Toward Global Accounting Standards to Help Investors Compare Financial Information More Easily
The Securities and Exchange Commission today voted to publish for public comment a proposed Roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014. Currently, U.S. issuers use U.S. ...more
U.S. Securities & Exchange Commission (8/27/2008)
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| | Securities Enforcement & Investigations Update: SEC Signs First Mutual Recognition Agreement With Australian Authorities
On August 25, 2008, the US Securities and Exchange Commission (SEC) entered into a mutual recognition arrangement with the Australian Securities and Investment Commission (ASIC) and the Australian Minister for Superannuation and Corporate Law. ...more
Mayer Brown LLP (8/27/2008)
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| | Implementation of the compliance principles: A survey
In April 2005, the Basel Committee on Banking Supervision released a document entitled Compliance and the compliance function in banks. The Compliance paper was intended to provide high-level principles on banks' management of ...more
Basel Committee on Banking Supervision (8/26/2008)
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| | U.S. Structured Finance Newsletter
Why Cash Flow Analysis Is Important In AAA RMBS Surveillance. Traditionally, cash flow analysis was only performed on subprime and certain Alt-A transactions where excess spread was being used to build overcollateralization (OC), cover losses and model ...more
DBRS (8/25/2008)
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| | CDS Report - Continental tighter after Schaeffler deal
Traders said that CDS spreads were once again wider on Thursday with the iTraxx Europe basket moving back up above 100bp, as overnight rises in oil and a sell-off in US futures and Asian stocks meant that European markets started the day weaker. ...more
Informa Global Markets - CDS Morning Insight (Europe) (8/22/2008)
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| | Informa Global Markets - Bondwatch Morning Insight
Informa Global Markets - CDS Morning Insight (Europe) (8/22/2008)
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| | Fair Value Adoption - An Update. Developments and observations from the widespread adoption of SFAS 157 and SFAS 159
In September 2006, the Financial Accounting Standards Board (FASB) issued FASB Statement No. 157, Fair Value Measurements (SFAS 157), and in February 2007 issued FASB Statement No. 159, The Fair Value Option for Financial Assets and Financial ...more
Deloitte & Touche LLP (8/21/2008)
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| | SEC Announces Successor to EDGAR Database
Securities and Exchange Commission Chairman Christopher Cox today unveiled the successor to the agency's 1980s-era EDGAR database, which will give investors far faster and easier access to key financial information about public companies and ...more
U.S. Securities & Exchange Commission (8/19/2008)
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| | More of the Same for the ABS Market: Players wait until after Labor Day for volume to hit both the primary and secondary markets
Last week proved to be another period of slow issuance for the primary market, and trading in the secondary was not that much more active. Both traders and investors reiterated their expectations that the ABS sector will not see much in the way of volume ...more
Asset Securitization Report--SourceMedia (8/18/2008)
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| | Japan Gets in on Islamic Finance Race: Shariah-compliant offerings pick up speed despite
The Japanese government is adapting its banking regulations to accommodate the rules of Shariah-compliant Islamic finance. The Japanese private sector has increasingly been showing an interest in Islamic finance. But, so far, activity has been held ...more
Asset Securitization Report--SourceMedia (8/18/2008)
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| | @Regulatory : News Bulletins : Banking
Notice of Proposed Rule Making Amendment for Credit Card Disclosures in the Truth in Lending Act. As the credit crisis has continued to cause disarray in the financial markets, the federal regulatory agencies are paying close attention to ...more
Deloitte & Touche LLP (8/18/2008)
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| | Global Rating Criteria for Project Finance Collateralised Debt Obligations
This criteria report details Fitch Ratings?f quantitative and qualitative methodology for analysing the credit risk of portfolios of project finance (PF) loans. PF collateralised debt obligations (CDOs) reference non?]recourse financing of longterm ...more
Fitch Ratings (8/18/2008)
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| | Securitization, Mach II : Green investments require bulletproof financing
This article was first published in Public Utilities Fortnightly, August 2008. Originally developed to compensate U.S. electric utilities for regulatory assets rendered ...more
J. Paul Forrester, Mayer Brown LLP (8/18/2008)
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| | CDO Newsletter
Ontario Court Of Appeal Approves Montreal Accord. On August 18, 2008, the Ontario Court of Appeal upheldthe Ontario Superior Court's decision of June 5, 2008, to approve a Plan of Arrangement and Compromise (the Plan of Arrangement) that would ...more
DBRS (8/18/2008)
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| | Radian Shearing Already-Depleted Headcount
More layoffs are taking place at Radian Asset Assurance, as parent Radian Group diverts funds from the bond insurer to its ailing mortgage-insurance affiliate. Radian notified about 50 employees in New York and London over the last six weeks that ...more
Asset Backed Alert, Harrison Scott Publications Inc. (8/15/2008)
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| | Summary of FASB's Earnings per Share an amendment of FASB Statement No. 128
On August 7, 2008 as part of a joint project with the IASB, the FASB exposed for comment, Earnings per Share, an amendment of FASB Statement No. 128 (the Statement), which is a revision of an exposure draft issued September 30, 2005. The purpose ...more
Ernst & Young LLP (8/15/2008)
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| | ABCP Newsletter - Week Ending August 15, 2008
ABCP flows were quieter than expected this week as some issuers had to raise levels from last week to try and attract longer term funding. Most investors were happy to stay in the overnight market to take
advantage of the higher than normal funds rate ...more
Credit Suisse (8/15/2008)
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| | Brazilian Domestic Securitization Market - Quarterly Report
This edition presents data from the period of April 1st to June 30tst, 2008. All information related to market activity during this period are those collected by July 17th, 2008. Any information received ...more
Uqbar Educação & Informação Financeira Avançada Ltda. (8/13/2008)
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| | Securities Update: SEC Issues Updated Guidance on Company Web Sites
The Securities and Exchange Commission has issued an interpretative release titled "Commission Guidance on the Use of Company Web Sites" (Release No. 34-58288). The Interpretive Release is important because it affects so many ...more
Mayer Brown LLP (8/12/2008)
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