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CDOs

FSA Looks to End Trading and Bank Book Imbalance

September 1, 2010 - The U.K. Financial Services Authority will apply banking book risk weights to securitization trading positions.

Bair Promises Quick Turnaround for FDIC Resolution Rules

September 1, 2010 - FDIC Chairman Sheila Bair said the agency would soon publish an interim rule on its new resolution authority over systemically important banking companies and certain nonbanks.

DBRS Requests Comments on Legal Criteria for Euro SF Deals

August 30, 2010 - The rating agency will be publishing a final methodology after the review and evaluation of all submissions.

Henderson Sees Increase in ABS Restructuring Requests

August 26, 2010 - Securitization market players are now focusing more on finding different restructuring options for ABS deals.

Fitch Revises TruPS CDO Criteria

August 24, 2010 - Fitch has revised its global rating methodology for TruPS CDOs.

Redemptions Could Ease Defaults in TRUP CDOs

August 23, 2010 - Fitch Ratings stated that defaults on U.S. bank TruPS CDOs eclipsed the 14% mark on 11 new bank defaults.

Fed Officials Push FDIC-Like Backstop for ABS Markets

August 23, 2010 - Two leading Federal Reserve Board economists are advocating a backstop for all ABS.

Mayer Brown Promotes Dominic Griffiths To Banking and Finance Head

August 19, 2010 - Mayer Brown appointed Dominic Griffiths as the new head of the banking and finance group in London.

Obligor Concentration Risk Dips in S&P's 2Q Cash Flow CLO Report

August 20, 2010 - In 2Q10, CLO obligor concentration risk decreased slightly in outstanding Standard & Poor's-rated U.S. cash flow deals.

RBS Sells $1.8 Billion Loan Portfolio To ICG

August 17, 2010 - The deal is funded by securitization of mostly European senior secured loans.

Chapter 11 Should Not Impact Ambac Policyholders

August 17, 2010 - Moody's reiterated Monday that the possible bankruptcy of Ambac Financial is unlikely to affect policyholders of its bond insurer subsidiary.

Unlike Last Effort, New Basel Process Zips Along

August 16, 2010 - While the Basel II process dragged on for years, international and domestic regulators appear intent on delivering a new set of capital and liquidity standards on time by yearend.

Syncora Reports Positive Income for Second Quarter

August 16, 2010 - The settlements enabled the insurer to free up capital it had reserved for paying future claims and to meet the NYID’s minimum capital requirements in 4Q09.

N.Y. Court Rejects Credit Suisse Move to Dismiss MBIA Claims

August 13, 2010 - The N.Y. Supreme Court denied Credit Suisse’s motion to dismiss MBIA Insurance’s claims of mortgage-related fraud and breach of contract.

Morgan Stanley Hires European ABS Head

August 13, 2010 - The investment bank hired Cecile Houlot to head structured solutions and securitization in Europe.