Structured Finance Association Publishes 2020 Annual Report
2020 brought new challenges to the globe, underscoring the criticality of educating lawmakers and regulators on the crucial role of securitization. Over the past year, SFA focused on issues essential to maintaining healthy markets and aimed at restoring a vibrant economy. Today, we release our 2020 annual report.
“One year ago, at the start of my second full year as CEO of SFA, I remember the excitement I had of the promise of what 2020 had in store for our organization,” wrote Michael Bright, CEO of the Structured Finance Association. “We had just come off a rebrand, had completely retooled our advocacy and public relations strategies, and in February of 2020, held the largest Vegas conference ever. But, of course, things quickly changed. And even though the events of the year didn’t go as any of us could have possibly anticipated, I’m incredibly encouraged, proud, and frankly moved by the work that we did.”
“In my letter in this report last year, I wrote that our goal for 2020 was ‘to turn SFA into a preeminent trade association in Washington, D.C.’ I have no hesitation in saying that we achieved that goal, as our impact in a historic year is recognized throughout the industry, with policymakers and the general public. This herculean effort is the result of the dedicated SFA staff and our national network of dedicated member companies, organizations that we are so proud to support. This past year showed that working together we can accomplish a great deal, even in trying times. And as Washington begins to write the next chapter of our country’s history, I’m even more eager today for what’s to come for SFA than I was at the start of 2020,” added Bright.
The report highlights our work across a number of key areas, including:
- TALF: Supporting Stability of Our Market Through COVID-19
- LIBOR Discontinuation: Preparing for the Future
- Expanding ESG Investing in Structured Finance
- Revitalizing and Strengthening Private Residential Mortgage-Backed Securities Market
- ATR Rule and Industry-Derived Underwriting Standards
- GSE Reform and Credit Risk Transfer
- Promoting Coordination in the European Market
- Protecting Structured Finance in the Courts
- Giving Back to Our Communities: Structured Finance Foundation
- Championing Diversity, Equity and Inclusions
The full report can be viewed in its entirety here