Securitisation
Basel Committee alters securitisation, credit risk mitigation, and clarifies Pillar II approaches
The Basel Committee on Banking Supervision issued a statement yesterday altering its approaches to securitisation and credit risk mitigation in Pillar I.
New ABS and MBS standards
The European Securitisation Forum (ESF) has responded to calls from investors in asset-backed securities for better disclosure by releasing market practice guidelines for the securitisation market.
Korean consumer default likely to affect Asian securitisation, says S&P
The deteriorating credit quality of South Korea’s securitised credit card portfolios has not only meant Korean asset-backed securities issuance has ground almost to a halt this year, but that it is likely to negatively affect consumer finance…
Basel Accord finalisation delayed by six months
The Basel Committee on Banking Supervision announced today that the finalisation of Basel II will be postponed from year-end 2003 to mid-year 2004.
US regulators issue their advance notice of proposed rulemaking
US regulators published the much-awaited advance notice of proposed rulemaking (ANPR) late on Friday afternoon, after a meeting of the Board of Governors of the Federal Reserve.
Basel Agonistes
Perhaps only by comparison with the 1988 Basel capital Accord does its successor look appealing. Basel I is widely derided for institutionalising irrationality in lending and loan portfolio management.
Securitisation will not be damaged by Basel II, says Mercer Oliver Wyman
Securitisation and related forms of credit risk transfer are unlikely to suffer in the long-term under the Basel II proposals, according to a report published today by financial and risk management consultancy, Mercer Oliver Wyman.
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.