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

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Industry News

ISDA Announces Implementation Delay of Fallbacks Protocol

On Wednesday, September 23, the International Swaps and Derivatives Association (ISDA) announced that they would be delaying the effective date of the supplemental and fallbacks protocol until mid to late-January 2021.

Industry News

Moody’s Report Highlights Potential LIBOR Securities Losses Because of Weak Language

A new report from Moody’s highlights that a majority of LIBOR adjustable rate mortgages (ARM) securities could experience interest rate shortfalls or principal losses because of weak contract language.

Industry News

CFTC Provides Additional Relief for LIBOR Transition

On August 31, the Commodity Futures Trading Commission (CFTC) issued a no-action letter that provides additional relief to swap dealers and other market participants related to the transition away from LIBOR.

Industry News

Former Congressman Frank and Former CFTC Chairman Giancarlo Advise LIBOR Replacement Rate Must Be Strong

In a recent opinion piece published in Barron’s, former House Financial Services Committee Chairman Barney Frank (D-MA) and former U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo wrote about the necessity of transitioning away from LIBOR.

Industry News

Firms Preparing for Oversight as LIBOR Transition Date Looms

With the U.S. loan market slow to adopt SOFR, some financial firms are becoming wary that U.S. regulators will begin to conduct more oversight regarding firm’s plans to transition away from LIBOR.

Industry News

LIBOR Transition on Track Despite Market Turmoil

Despite market issues caused by the pandemic, federal regulators in both the U.S. and the U.K. stated that transition away from LIBOR is still on pace to be completed by 2021.

Industry News

ARRC Releases SOFR Starter Kit

Last Friday, August 7, the Alternative Reference Rates Committee (ARRC) released their SOFR Starter Kit.

SFA News

SFA Extends SOFR Conventions for Securitization Survey Deadline by One Week

The deadline to respond to SFA’s survey on SOFR Conventions for Securitization has been extended by one week and responses are now due on Friday, August 7.

Industry News

Fitch Ratings Report Highlights LIBOR Transition Risks

A new report by Fitch Ratings highlights several key risks that financial institutions could encounter as they prepare for the anticipated cessation of LIBOR and the potential impact on future credit ratings.

Industry News

European Commission Proposes Amendment to LIBOR Benchmark Regulation Concerning Legacy Deals

Last Friday, July 24, the European Commission (EC) proposed an amendment to the Benchmark Regulation that would allow it to establish a statutory replacement rate to facilitate LIBOR transition for legacy deals.