Securitisation
Round table > "We need a better Basel Accord"
Risk invited leading players in the securitisation industry to a round-table discussion on thefuture of new business. Despite a booming Italian market, concerns over regulatory issuesdominated proceedings.
CP3 Alert
CP3 Alert covers the most significant changes incorporated into CP3 by the Basel Committee, including alterations to the sections on securitization, operational risk, residential mortgages, credit derivatives, and the supervisory and public disclosure…
'Restructuring' partly dumped as Basel shifts stance on risk mitigation
The Basel Committee on Banking Supervision, the architect of new banking regulation, Basel II, which is due for implementation by the end of 2006, has made a number of concessions in its proposed treatment of risk mitigation techniques in the release of…
Basel II securitisation treatment too harsh, says Fitch
The treatment of securitisations under current proposals in the Basel Committee on Banking Supervision's Basel II capital Accord is likely to be "overly punitive", according to credit rating agency Fitch.
BNP Paribas hires Hong Kong-based securitisation specialist from Fitch
BNP Paribas has hired Sunny Park as a Hong Kong-based associate director and structured credit research analyst. She is due to start work at the French bank this week, and was previously an analyst in the structured finance division of credit rating…
Climbing the competition Pole
The Polish government hopes to boost competition in the electricity market through a controversial securitisation plan that it will use to buy out long-term contracts between generators and the transmission grid operator. Maria Kielmas reports
Asia's ABS market breaks records in 2002
The Asian securitisation market had its most successful year ever in 2002, with cross-border issuance reaching a record $5.56 billion, according to a report by ratings agency Moody’s Investors Service.
Credit and credibility
Credit risk modellers have made giant strides, but they still have to convince regulators that they can make the world a safer place.
Banking body says Basel II will treat securitisation unfairly
The European Securitisation Forum (ESF), a banking industry body, said the proposed Basel II capital Accord, proposed by banking regulators, stands to unfairly penalise their business.
Basel II asset securitisation paper issued
BASEL – Global banking regulators today issued their delayed working paper on the treatment of asset securitisations under the complex, risk-based Basel II bank capital accord.
Delayed Basel II securitisation paper expected shortly
BASEL – Global banking regulators hope to issue very shortly the delayed discussion paper on asset securitisation in the context of the complex Basel II capital accord that’s aimed at making the world’s banking system safer.
Release of asset securitisation paper delayed again
BASEL – Global banking regulators have delayed the issue of their working paper on the treatment of asset securitisation under the complex Basel II bank capital until late next week.
Release of Basel II asset securitisation paper delayed again
Global banking regulators have delayed the issue of their working paper on the treatment of asset securitisation under the complex Basel II bank capital Accord until late next week.
Basel II securitisation paper expected next week
BASEL – Global banking regulators hope to issue their working paper on the treatment of asset securitisation under the complex Basel II bank capital accord next week, regulators said.
Basel II regulators issue key QIS 3 survey
Global banking regulators said they launched their key survey today seeking information on how the Basel II bank capital accord aimed at making the world’s banking system safer would affect banks.
Basel II securitisation paper delayed
BASEL - The planned paper on asset securitisation in the context of the Basel II bank accord will not be published today as hoped, but is likely to be issued some time next week, global banking regulators said.
Key Basel II package expected tomorrow
BASEL – Global banking regulators plan to issue a package of documents on the Basel II bank accord tomorrow, including a key survey seeking information on how the complex, risk-based accord might affect banks around the world.
Banks advised to make Basel II views known in QIS 3
LONDON - Banks would be wise to make their views on the complex Basel II bank capital accord known via the key QIS 3 survey that’s due out on October 1, the UK’s chief financial regulator said today.
Credit risk measurement of securitisation structures
Peter-Paul Hoogbruin, Harmenjan Sijtsma and Viktor Tchistiakov of ING Group Credit Risk Management present a framework for valuing securitisation tranches from an investor’s perspective.
Basel experts agree asset securitisation treatment
LONDON – Global banking experts have agreed proposals for treating the credit risks for banks of asset securitisation under the complex Basel II capital accord.
Experts expect to finalise Basel II securitisation issues this week
LONDON – Technical experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II accord aimed at making the world’s banking system safer – the technically thorny question of how to treat…
French securitisation ruling likely to be delayed further
The French banking regulator ruling to change the capital risk weighting system on securitisations continues to cause confusion, with market commentators stating that a final decision may be delayed until September.
Basel II focus switches to securitisation after SME loan solution agreed
Experts working on the Basel II bank capital rules are focusing on the technically difficult issue of asset securitisation after agreeing a solution this month to the politically sensitive problem of how lending to small and medium-sized enterprises …
Credit risk in asset securitisations: an analytical model
How much capital should banks reserve against investments in portfolio securitisations? Asserting that recent proposals on this subject by Basel are inconsistent, Michael Pykhtin and Ashish Dev propose a new analytical model suitable for tranches of…