Securitization.Net

	Santander Lining Up Subprime-Auto Deals The U.S. consumer-lending unit of Madrid-based Banco Santander is preparing a securitization of subprime-auto loans - its first such deal since 2007. Santander Consumer USA is expected to bring the issue to market in the coming weeks. After that, the Fort ...more Asset Backed Alert, Harrison Scott Publications Inc. (5/14/2010)
	IOSCO and CPSS Consult On Policy Guidance for Central Counterparties and Trade Repositories in the OTC Derivatives Market ( International Organization of Securities Commissions (IOSCO) ) The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have today issued two consultative reports containing proposals aimed at ...more (5/12/2010)
	FDIC Board Approves NPR Regarding Safe Harbor Protection for Securitizations The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a Notice of Proposed Rulemaking (NPR) to clarify the safe harbor protection in a conservatorship or receivership for financial assets transferred by an insured ...more Federal Deposit Insurance Corporation (FDIC) (5/11/2010)
	Pimco Tries Hand as Mortgage-Bond Issuer Pimco is building a team that would buy and securitize private-label mortgage portfolios. The group is forming under Dan Ivascyn, a portfolio manager who focuses on asset-backed securities at the Newport Beach, Calif., investment giant. The plan is to ...more Asset Backed Alert, Harrison Scott Publications Inc. (5/7/2010)
	Regulatory Implementation of the Statement of Principles Regarding the Activities of Credit Rating Agencies, Report of the Technical Committee of IOSCO ( International Organization of Securities Commissions (IOSCO) ) The International Organization of Securities Commissions' Technical Committee has published for public comment this Consultation Report on Regulatory Implementation of the Statement of Principles Regarding the Activities of Credit Rating ...more (5/7/2010)
	Uqbar's Radar of the Brazilian structured finance market, Edition No. 32 The Radar is a free service for the financial market offered by Uqbar. Here you will be able to follow on a bi-monthly basis indexes, announcements, rankings and events about the domestic Brazilian securitization market. ...more Uqbar Educação & Informação Financeira Avançada Ltda. (5/5/2010)
	Asset-Backed Securities: Proposed Rules We are proposing significant revisions to Regulation AB and other rules regarding the offering process, disclosure and reporting for asset-backed securities. Our proposals would revise filing deadlines for ABS offerings to provide investors with more ...more U.S. Securities & Exchange Commission (5/3/2010)
	SEC Pushes Historic Transparency Providing public deal-like disclosures on private placements? Issuers retaining a 5% stake in offerings issued from securities shelves? Requiring issuers to provide loan-level data regularly, even in the private market, and for asset classes where such ...more Asset Securitization Report--SourceMedia (5/1/2010)
	ADB Q&A: ADB Talks ABS Founded in 1966, the Asian Development Bank has a mandate to reduce the poverty of its developing member countries (DMCs) and improve the quality of life of their people. It currently has 67 members. Those eligible for assistance must be DMCs ...more Asset Securitization Report--SourceMedia (5/1/2010)
	Banks Exploring Balance-Sheet Workaround Royal Bank of Canada has implemented a tactic designed to keep the assets of its U.S. commercial-paper conduits off its balance sheet. Bank of America, Citigroup, J.P. Morgan and Wells Fargo are also considering the maneuver, which entails the sale ...more Asset Backed Alert, Harrison Scott Publications Inc. (4/30/2010)
	Credit Market Report - Worst of the sovereign fears recede FOMC comments, receding EU sovereign fears and continued strong earnings allowed the iTraxx to continue to retreat from their recent wides on Thursday. The FOMC on Wednesday kept its pledge to keep rates low for an extended period, while also ...more Informa Global Markets - Bondwatch Morning Insight (Europe) (4/30/2010)
	Informa Global Markets - Bondwatch Morning Insight Informa Global Markets - Bondwatch Morning Insight (Europe) (4/30/2010)
	Results of the Public Consultation on the Provision of ABS Loan-Level Information in the Eurosystem Collateral Framework On 23 December 2009 the European Central Bank (ECB) launched a public consultation on loan-by-loan information requirements for asset-backed securities (ABSs) in the Eurosystem collateral framework. The public consultation included six questions ...more European Central Bank (4/23/2010)
	U.S. Securitization Report Investors are buying consumer-backed loans at a fast pace, giving hope to a market that continues to rise in its first month without government support. Despite high unemployment and a slow economic recovery, the deals are reassuring investors ...more BMO Capital Markets -- Asset Securitization Group (4/20/2010)
	Year in Review 2010 - Brazilian Structured Finance The year 2009 tested the Brazilian structured finance market's resilience. On the one side, there was the international scenario, with the United States of America at the financial storm's epicenter. On the other, the financial crisis' impact on the real ...more Uqbar Educação & Informação Financeira Avançada Ltda. (4/13/2010)
	New Rules Reigniting Covered-Bond Efforts Talk has surfaced yet again that U.S. banks are working to issue covered bonds. The latest indications are that deals could start flowing within the next six months, as Bank of America, Citigroup, J.P. Morgan, Wells Fargo and other institutions look for ...more Asset Backed Alert, Harrison Scott Publications Inc. (4/9/2010)
	Informa Global Markets - Bondwatch Morning Insight Informa Global Markets - Bondwatch Morning Insight (Europe) (4/9/2010)
	Credit Market Report: Greek spreads dictate market direction Spiraling Greek spreads spooked the markets sending the iTraxx baskets wider during the first half of the day alongside falling equities. The record Greek spreads were not only a problem for EU peripherals thought, as financials were targeted on ...more Informa Global Markets - Bondwatch Morning Insight (Europe) (4/9/2010)
	IOSCO Publishes Disclosure Principles for Public Offerings and Listings of Asset Backed Securities ( International Organization of Securities Commission (IOSCO) ) The Technical Committee of the International Organization of Securities Commission (IOSCO) has published a final report - Disclosure Principles for Public Offerings and Listings of Asset Backed Securities (ABS Disclosure Principles) - containing ...more (4/8/2010)
	US SEC Proposes Massive ABS Rule Changes The US Securities and Exchange Commission has released a massive rulemaking proposal relating to asset-backed securities (ABS). The broad categories of changes proposed include: Changes to the forms that may be used to register ABS for ...more Mayer Brown LLP (4/8/2010)