 | Securitization, Mach II
August 2008 - New applications for stranded-cost securitization in the fossil-fuelled power sector. Read >>
(This article by Paul Forrester was first published in Public Utilities Fortnightly, August 2008.) |
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| Proposed Rules for US Implementation of the Basel II Standardized Approach - A Summary of the Rules Applicable
to Securitization Exposures
In this paper, we summarize the portions of the Proposed Rules that apply to bank securitization exposures, including exposures to both traditional and synthetic securitizations. Read >>
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| Overcoming obstacles to CEE securitisations: The Golden Middle approach, published in the ISR-Legal Guide -July 2008, outlining legislative and regulatory approaches to be considered when dealing with current legal obstacles in the CEE markets.
The financial foundations for a thriving CEE securitisation market already exist. Below the various existing markets in EU accession states in Central and South Eastern Europe are considered, along with the obstacles currently preventing the development of a larger market. Read >>
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| US Treasury Issues Best Practices for Residential Covered Bonds
30 July 2008 - A Best Practices Guide has been prepared by the US Department of the Treasury (Treasury) in order to encourage the growth of the covered bond market in the United States. Read >>
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| Securitization Update: SEC Proposes to Reduce Reliance on Credit Ratings in its Rules and Forms
8 July 2008 - The Securities and Exchange Commission has proposed changes that are meant to reduce reliance on credit ratings in the Commission's rules and forms. Read >>
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| Emerging Markets: News and Recent Developments
June 2008 - There have been some exciting developments at Mayer Brown recently with particular significance for our emerging markets clients. We have also continued our track record of acting on some of the most innovative deals in the market. In this update, we highlight those developments and some of the more notable deals of the last 12 months. Read >>
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| Client Update: Another Victory for the Mortgage Loan Repo Market
4 June 2008 - In a decision issued on May 23, 2008, the mortgage loan repo market scored its second important victory in the American Home Mortgage bankruptcy case. Read >>
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| Client Alert: FDIC Policy Statement on Covered Bonds
28 May 2008 - An interim final policy statement issued on April 23, 2008, indicates how the Federal Deposit Insurance Corporation (FDIC) will treat covered bonds issued by an insured depositary institution (IDI) in a conservatorship or receivership of the issuer. Read >>
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 | Mayer Brown instructed to advise the receivers of Golden Key Ltd. (in receivership)
17 April 2008 - Leading international law firm Mayer Brown has been instructed by Neville Kahn, Nicholas Dargan and Mark Adams of Deloitte and Touche LLP to act for them as joint receivers of Golden Key Ltd. (in receivership), a Structured Investment Vehicle (SIV). Read >>
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| Client Alert: SEC Disclosures with Respect to Fair Value Measurements
2 April 2008 - In March 2008, the Division of Corporation Finance of the Securities and Exchange Commission sent a letter identifying a number of disclosure issues that public companies may wish to consider in preparing Management's Discussion and Analysis (MD&A) for their upcoming quarterly reports on Form 10-Q. Read >>
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| Finance Legal Bulletin: UK Regulated Covered Bond Regulations 2008
March 2008 - Covered bonds are debt securities issued by banks and other credit institutions, the repayment of which is secured by a ring-fenced pool of assets backing the bond. Read >>
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| The 2003 ISDA Credit Derivatives Definitions
2003 - This article provides an overview of the 2003 ISDA Credit Derivatives Defi nitions. Read >>
Reproduced with the kind permission of PLC Magazine |
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| Client Alert: SEC Issues Clarification on Investor Notification Requirement for Fitch's Downgrade of Ambac Assurance Corp.
8 February 2008 - On February 6, 2008, the Securities and Exchange Commission (SEC) issued a clarification of an informal statement it sent to the National Association of Bond Lawyers (NABL) on January 18, 2008. This prior informal statement said issuers did not need to file material event notices notifying investors of Fitch Ratings' downgrade of Ambac Assurance Corp. to double-A from triple-A. Read >>
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| Credit Derivative Product Companies - A Primer
28 January 2008 - Credit derivative product companies have been described as highly rated, capital efficient and successful managers of diverse and complicated risk - so why have so few made it to market? Read >>
This article was first published and reproduced with the kind permission of derivatives week, 28 January 2008 |
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| Securities Update: SEC Rule 144 Amendments Make Resales of Restricted Securities Easier
16 January 2008 - The Securities and Exchange Commission has adopted amendments to Rule 144 under the Securities Act of 1933, and certain related rules, that are intended to increase the liquidity of restricted securities and decrease the cost of cost of capital for all companies without compromising investor protection (Release 33-8869). Read >>
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