Securitisation
Credit fears hold back US solar securitisation deals
SolarCity deals show potential and pitfalls of new asset class
ECB calls for lighter treatment of high-quality ABS
Bank of England and ECB to promote coherent approach to ABS regulation
Cuts to securitisation capital charges too small, say experts
But European Commission proposals can stop insurers becoming forced sellers of low-risk securitisations
Basel securitisation rules revisions criticised
While the December proposals incorporate many of the industry's comments, banks claim the rules are still too harsh
Basel gives on securitisation capital – but industry still unhappy
Proposals on proposals
Bank funding options increased under revised Australian securitisation framework
Increased funding options welcomed in the face of a potential spike in Australia consumer credit growth
400 Capital Credit Opportunities Fund: 400 Capital Management
Americas Awards 2013
Industry offers alternative to simplified securitisation capital formula
The Basel approach is criticised as inconsistent, prompting a group of quants to develop an alternative
Securitisation is "dead in Europe", say critics of new EBA proposals
Rules would require banks to allocate all securitisation exposure by individual, underlying obligor
US securitisation groups seek clarity on June 10 clearing deadline
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
Collateral damage: Capital proposals threaten Europe's ABS market
Insecuritisation
Banks push alternative to Basel Committee securitisation model
Basel proposals would kill European market, banks warn – and some regulators sympathise
Securitisation touted as answer to '€4 trillion' funding gap
Securitisation industry group claims Europe faces big financing shortfall – and pushes securitisation as the answer
SG plans to securitise €1.9 billion of derivatives exposure
Deal is said to pay a coupon of 11% for first-loss protection – which some investors say is too low
A cracking time: Banks turn to CDO unwinds
A cracking time
Banks plan to relaunch off-balance-sheet derivatives units
At least six banks are talking to lawyers and rating agencies about reviving derivatives product companies, although AAA ratings may now be off the table
Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Downgraded banks struggle to find replacement swap counterparties on ABS deals
A number of downgraded banks are required to find swap counterparty replacements for over 300 structured finance transactions – but this is proving difficult, with few candidates willing or able to step in
Profile: Credit Suisse's de Boissard on capital efficiency, Basel III and bank strategy
The adjustment bureau
US and EU banks face different Basel III floors
Regulators propose overhaul of US capital framework in long-awaited response to Basel III and Basel 2.5 - but there are differences to the European version of the rules
Reviving securitisation: regulators send mixed messages
Reviving securitisation
UK utilities face swap counterparty shortage
Bank downgrades could leave many structured finance transactions without acceptable swap providers - a potential nightmare for UK utilities