All posts tagged "securitisations"
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185Market InfrastructureARRC Publishes Guidance on Swap Rate, Business Loans, ABS
The ARRC has published a formula to calculate fallbacks from the USD LIBOR ICE Swap Rate, simplified fallback language for business loans, and a model for using SOFR in ABS products.
March 30, 2021 -
300EuropeFMSB Issues Draft Standard on ‘Appropriate’ Use of Term SONIA
The main use cases where a robust rationale may be identified for using Term SONIA in lending products include trade finance, working capital, and Islamic finance products.
March 29, 2021 -
341Market Infrastructure
New York State Budget to Include Provisions to Ease LIBOR Switch
The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.
January 25, 2021 -
294EuropeLIBOR Transition Must be Complete by Year-End, UK Regulators Warn
From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.
January 14, 2021 -
644Capital RegulationBCBS Proposes Risk Weight Floor for NPL Securitisations
The BCBS identified a gap in the regulatory framework for securitisations of non-performing loans, which it is seeking to address through a new technical amendment.
June 24, 2020 -
528Market Infrastructure
ARRC Publishes Best Practices for LIBOR to SOFR Switch
The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.
June 1, 2020 -
779International
ARRC Sets Out 2020 Objectives for LIBOR to SOFR Switch
The ARRC will establish final recommended conventions for SOFR-based floating rate notes, business loans, and securitisations by 31 July.
April 22, 2020 -
696Big PictureFSB Highlights Market Fragmentation Issues in Letter to G20
In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.
October 15, 2019 -
652Capital RegulationRBI Amends Large Exposures Framework for Banks
The modified framework excludes all entities connected with the sovereign from definition of group of connected counterparties, such as exposures to or guaranteed by government.
June 4, 2019 -
542Capital RegulationMAS Consults on Resolution Regime Amendments
Amendments include introduction of a contractual recognition requirement into financial contracts governed by foreign laws, the statutory bail-in regime, and creditor compensation framework, among others.
July 21, 2018
