Asset-backed commercial paper (abcp)
New capital and liquidity rules may force risk outside the banking industry – an intended consequence of the regulations. But is this a good thing, and how will supervisors monitor the complex, shadowy...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Asset-backed commercial paper (abcp) articles
Australia's residential mortgage-backed securities market has ground to a virtual halt, creating huge funding headaches for the country's non-bank mortgage lenders. With some companies at risk of collapse, bankers claim the government needs to intervene...
A plan to restructure C$32 billion of non-bank Canadian asset-backed commercial paper into long-term notes hinged on the backing of 1,800 retail investors. However, a solution that will see most individual buyers recoup their initial investment was enough...
Pressure on structured investment vehicles (SIVs) will grow in 2008 as their medium-term notes (MTNS) come up for renewal, claims a Dresdner Kleinwort report. Typically, SIVs rely on three sources of funding: junior and capital notes, short-term asset-backed...
Citigroup has committed to provide a support facility for its own structured investment vehicles (SIVs), taking $49 billion in non-cash assets on to its own balance sheet. The majority of assets held by the seven vehicles - called Beta, Centauri, Dorada,...
The securitisation industry is keeping the pressure on in the hope of some last-minute fine-tuning of the new Basel Accord, due for completion in mid-2004.
The recent crop of high-profile accountancy scandals has forced the US accounting regulator to clamp down on the 'creative' use of special purpose vehicles to shift liabilities off balance sheet. Saskia Scholtes investigates the ramifications for firms...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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