In SFA’s Research Corner, issuance of Solar ABS reflects the growing consumer interest in financing PV systems. In 2022, $4.3 billion of solar ABS were offered—a 207% increase over 2017 and a 20% increase over 2021—in a time when the broader ABS market dropped by 8%.
In November 2022, the SEC issued a revised No-Action Letter (New NAL) in relation to amended Rule 15c2-11 and its application to fixed income securities and the 144A market.
SFA recently submitted an amicus brief to the Third Circuit Appellate in the CFPB v NCSLT case, supporting trusts arguments that passive securitization trusts are not under CFPB Enforcement Authority.
Discussing Potential Outcomes of Appellate court Ruling that CFPB Funding is Unconstitutional
SFA President Kristi Leo hosted a virtual fireside chat with Rachel Rodman, Partner, Cadwalader, Wickersham & Taft LLP, to discuss the potential outcomes of the Appellate Court’s recent ruling that the CFPB’s funding mechanism is unconstitutional. The webinar also included a status update on the CFPB v NCSLT case and how it could have far-reaching impacts on the consumer securitization market.
Blockchain: Shaping the Future of Securitization
On September 13, SFA hosted a webinar with a panel of industry voices who weighed in on both the current state and the future prospects for blockchain and securitization.
This replay is available for confirmed registrants of the webinar. Please email [email protected] if you have any questions or to request access.
SFA and its Members are Developing an ESG Framework and Reporting Standards specific to Structured Finance
This year SFA welcomed members to the ESG Disclosures Taskforce. The members represent every role in securitization—issuers, investors, servicers, data services—to consider the environmental, social and governance impacts that are material and relevant to structured finance.
To participate in this important and timely work please join today.
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Join an SFA Committee or Task Force
Through our committees and task forces, SFA members exchange ideas, build consensus, and develop holistic solutions based on balanced industry views. SFA represents all participants in a transaction, and our structure ensures we convene all parties and incorporate a broad range of perspectives in our views.