As the 2021 Libor transition nears, the finance industry looks to its proposed replacement – SOFR – for answers. As the panelists at our recent Residential Mortgage Symposium made clear, 2020 will be a telling year for the proposed Libor-SOFR transition.

The FDIC and OCC recently provided a much-needed clarification to the valid-when-made doctrine. We are pleased they have appropriately recognized that bad actors need to be policed. Read more about the details of their proposed rulemaking.

It has become clear over the past decade that ESG will play an increasing role in investment considerations and strategic planning for money managers and individual investors alike. Responding to rising interest and expertise from SFA members, we’ve launched an ESG task force and are hosting an inaugural ESG Symposium on December 5th in New York.

Current co-chair of the SFA Legal Counsel Committee and former SFA Board member Chris DiAngelo analyzed their most recent victory. Here are three of his key takeaways.

Congress is back in session after the August recess and hoping to tackle several legislative priorities before the end of the year, including housing finance reform. While next steps remain unclear, here's how prominent members from both sides of the aisle on Capitol Hill as well as administration officials are hoping to take action on this important issue.

Whether it’s striking the balance between originators and investors when it comes to QMs, the search for a suitable replacement to Libor, or any of our other initiatives, SFA relishes the chance to have two sides of the transaction sit together and work out a policy agreement for shared betterment.

In conjunction with WiS Week 2019, Structured Finance Association COO Covell Adams spoke to WiS’s three co-chairs – Wendy Cohn, managing director at Fitch Ratings; Patricia Schulze, managing director at Wilmington Trust Company; and Alberta Knowles, partner at EY – about how the industry is changing, the strides they’ve made at their firms and in their careers, and how what they’ve learned informs WiS’s work.

On Thursday, July 25th, the Consumer Financial Protection Bureau (CFPB) published their long-anticipated Advanced Notice of Proposed Rulemaking (ANPR) on the Ability to Repay/Qualified Mortgage (ATR-QM) rule, which is available here. This ANPR gives industry participants and the public the first insight into how the CFPB will approach the scheduled…

While some problems can be fixed and solutions are underway, the financial world is still lacking a solid transition plan away from the London Interbank offered rate. Structured Finance Association CEO Michael Bright outlines what is needed to avert the coming Libor disaster.

Learn about the importance of securitization in our economy and the role the Structured Finance Association plays in maintaining the value and safety for individuals, communities and businesses from the Association's CEO, Michael Bright.