The SEC provided conditional relief from certain Exchange Act credit-arranging prohibitions to broker-dealers designated as agents for the Federal Reserve Board's Term Asset-Backed Securities Loan Facility.
The SEC rule amendments codifying an existing exemption available to credit rating agencies concerning conflict of interest disclosure obligations and the ratings of structured finance products were published in the Federal Register.
Activity levels for European commercial mortgage-backed securities, U.S. commercial mortgage-backed securities and commercial real estate collateralized loan obligations reflect strong global demand. Cadwalader attorneys analyze recent trends.
Cadwalader attorneys analyzed updated amendments to the EU Capital Requirements Regulation, which are designed to reduce regulatory burden to non-EU subsidiaries that are engaged in local securitization in non-EU countries.