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Read the latest articles and press releases about securitization and structured finance.

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Industry News

FFIEC Announces Increase to Focus on LIBOR Transition Preparedness

On Wednesday, July 1, the Federal Financial Institutions Examination Council (FFIEC) released a statement indicating that the institution, consisting of the Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, and CFPB, will be taking an increased focus on transitioning away from LIBOR.

Industry News

House Committee on Financial Services Holds Hearing with Treasury Secretary and Fed Chairman on the Economic Response to COVID-19

On Tuesday, June 30, the House Committee on Financial Services held its first quarterly oversight hearing mandated by the CARES Act featuring Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell.

Industry News

Supreme Court Rules that CFPB Head Can be Fired at Will

On Monday, June 29, the Supreme Court ruled 5 – 4 that the President has the authority to fire the head of the Consumer Financial Protection Bureau (CFPB) at will but did not go as far as saying the CFPB’s structure was unconstitutional.

Industry News

Federal Agencies Finalize Volcker Rule

On June 25, five federal regulatory agencies finalized a rule modifying the Volcker rule's prohibition on banking entities investing in or sponsoring hedge funds or private equity funds, known as covered funds.

Industry News

Prudential Regulators Adopt Amended Swap Margin Rule

Yesterday, June 25, the Federal Deposit Insurance Corporation (FDIC) approved their Final Rule and Interim Final Rulemaking (IFR), both titled Margin and Capital Requirements for Covered Swap Entities.

Industry News

Federal Reserve Announces Stress Tests to Include COVID-19 Scenarios

Federal Reserve (Fed) Vice Chair of Supervision Randal Quarles announced last Friday that the next round of annual stress tests will include a “sensitivity analysis” regarding various COVID-19 scenarios.

Industry News

Federal Reserve Chairman Powell Testifies before House Financial Services and Senate Banking Committees

On June 17, the House Committee on Financial Services held a hearing titled “Monetary Policy and the State of the Economy” with Federal Reserve Chairman Jerome Powell

Industry News

Regulators temporarily ease key capital rule for large banks

To help organizations respond to the current economic crisis, banking regulators are temporarily easing one of the key capital rules for large banks. This change will allow banks to exclude U.S. Treasury securities and deposits at Federal Reserve banks from the calculation of their supplementary leverage ratios (SLRs).

Industry News

Bipartisan lawmakers ask FSOC to bring consensus and clarity to the regulatory treatment of the CECL accounting standard across the financial sector

A bipartisan group of lawmakers from the House Committee on Financial Services wrote Treasury Secretary Steven Mnuchin urging FSOC to work with the Securities and Exchange Commission and Financial Accounting Standards Board to provide a full and complete moratorium on current expected credit losses (CECL) implementation for all regulated entities until January 1, 2022.

SFA News

SFA hosts webinar with Moody’s on COVID-19 impact

On Tuesday, May 5, SFA hosted a webinar with Moody’s Investor Services on the overall impact of COVID-19 on various asset classes. The webinar covered the macro outlook and ratings approach in turbulent times as well as the impact of COVID-19 on consumer and corporate credit asset classes.