Blog

Look inside our industry from the perspective of securitization professionals.

Investing for the Good – the Rise of ESG

Sustainable Investing is an investment discipline that integrates environmental, social and governance (ESG) considerations to the investment process and straddles across equity and fixed income markets. The unprecedented volatility that has come to define 2020 is expected to boost flows into an already thriving ESG market. SFA is committed to guiding the securitization industry towards a goal of building a robust ESG market in structured finance.

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SFA Research: Triple-A CLOs Weather COVID-Induced Credit Storm

New GAO report finds highest-rated senior tranches of collateralized loan obligations (CLOs) remained “largely resilient” following the initial COVID-19 shock even as the leveraged loans deteriorated.

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Shareholders and PSPAs: Summary of Collins v. Mnuchin Oral Arguments

SFA’s Director of MBS Policy Dallin Merrill recaps the Supreme Court’s oral arguments for Collins v. Mnuchin, which included a series of consolidated cases covering both the GSE’s net worth sweep to Treasury under the PSPAs, as well as the Constitutionality of the FHFA’s structure.

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SFA Compares the FHFA’s Final ECF With the Proposed ECF, Highlighting Areas Where SFA Members Provided Input

SFA compares the FHFA’s Final Enterprise Capital Framework Rule against the Proposed Rule, noting that the changes largely fail to address questions and concerns raised by SFA members.

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Election Postmortem: Current State of Play

President-elect Biden is set to inherit a closely divided Congress and will need to navigate a delicate policy tightrope with Congressional leadership in both parties to advance his legislative priorities.

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Capitol Hill and Regulators to Remain Focused on ESG in the 117th Congress

On Capitol Hill, regulators and elected officials are also working to establish tools to help facilitate the ESG movement particularly with respect to ESG labelling and transparency obligations, which in turn, could help investors integrate and utilize ESG data.

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LIBOR Transition in the Face of COVID-19 – Are We on Time?

The transition away from LIBOR to SOFR is due to become a reality by year-end 2021. With the impact of COVID-19 still evolving, some have questioned whether more uncertainty should be introduced into the market. We look at recent developments and their potential impacts.

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New York Fed Revises TALF 2020 MLSA and FAQs

Mayer Brown has summarized these changes, which reflect the evolution of the program in response to its usage by market participants, and seek to preserve the original intent and effective functioning of the program.

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Senator Toomey Not Seeking Re-Election in 2022: What that Means for Senate Banking Committee Leadership

On Monday, October 5, 2020 Senator Pat Toomey (R-PA) announced that he will not seek re-election in 2022, causing a shakeup in the future of the Senate Banking Committee leadership. Read our analysis of the impending game of musical chairs at the Senate Banking Committee for the next Congress and beyond.

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What to Expect in 2021: SBC and HFSC Agendas for the Next Congress

As Washington grapples with the looming fight to fill a Supreme Court vacancy, the legislative agenda for the rest of 2020 has become murky. But depending on the outcome of the elections, the 2021 agenda is beginning to come into focus.

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