Market Structure and Dynamics
SFA regularly reviews our market structures, processes and dynamics to promote a robust, liquid, growing and healthy structured finance market.
Overview
It is difficult and sometimes impossible for bondholders to communicate with the companies that issue the securities they own or for bondholders who own the same securities to communicate with one another.
The system is so unreliable that when evaluating potential solutions for the transition away from LIBOR, one of the financial markets most at risk today, participants think bondholder consent for an amendment is unfeasible.
Publications & Resources
News
BLS Jobs Report Illustrates a Softening U.S. Economy
According to the latest Bureau of Labor Statistics economic report released on December 16, the U.S. unemployment rate climbed to 4.6% in November from 4.4% in September…
FSOC Report Shows Massive Growth in Global Nonbank Sector in 2024
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively “the agencies”) are rescinding the “Interagency Guidance on Leveraged Lending”,…
WSJ: Alternative Lending Complicates Consumer Credit Data
The WSJ reports that private credit is increasingly extending loans to U.S. consumers, complicating traditional measures of consumer credit health. As alternative lending, BNPL arrangements and privately…
Fed Lowers Interest Rate to 3.5-3.75% Range
On December 10, the Federal Reserve lowered its federal funds rate rate by a quarter percentage point, to a range between 3.5% – 3.75% -…
Growth in the U.S. Auto Sector is Falling Flat
Prospective U.S. car-buyers are shying away from higher prices in the auto industry – as average new car prices approach $50,000. Auto sales are slowing,…