The FDIC today finalized amendments to its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC is appointed receiver or conservator for an insured depository institution that has sponsored one or more securitization transactions.
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The American Bankers Association joined several housing and financial trade groups in a letter to the Federal Housing Finance Agency today highlighting concerns about recently proposed changes to uniform mortgage-backed security pooling practices used by Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency today announced that former Commodity Futures Trading Commission Chairman Christopher Giancarlo will serve as independent, non-executive chairman of the board of Common Securitization Solutions, a joint venture between Fannie Mae and Freddie Mac to support their uniform mortgage-backed security.
As part of its ongoing actions to implement regulatory relief identified by the decennial Economic Growth and Regulatory Paperwork Reduction Act review, the OCC today proposed several rule changes and sought comments on prospective changes sought by ABA during the EGRPRA feedback process.
In an effort to increase access to capital markets, the Securities and Exchange Commission today proposed updating the test for an “accredited investor” to include individuals’ qualifications based on professional knowledge, experience or certifications, as well as expanding the list of entities that may qualify.
ABA today filed a comment letter urging the Securities and Exchange Commission to modernize its regulations on Rule 144A securities in order to maintain a level playing field between bank-maintained collective investment funds and mutual funds.
Structural issues in the repo market led to last week’s market turbulence.
The FDIC today said it would issue a notice of proposed rulemaking to amend its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC is appointed receiver or conservator for an insured depository institution that has sponsored one or more securitization transactions.
Recent enforcement actions and court decisions are starting to untangle the complexities around crypto.
Completing the Securities and Exchange Commission’s rulemaking on best interest standards for broker-dealers and investment advisers is a “key priority” for 2019, SEC Chairman Jay Clayton said in a speech today.