Deal vector cover20140107 15093 o0v8rp20140107 15096 b8s324

Regulation AB automation

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
6 October 2014

The US Securities and Exchange Commission (SEC) recently announced the adoption of revisions to Regulation AB detailing the offering process, disclosure, and reporting for asset-backed securities (ABS). In doing so, they also noted the significance of a related issue as a contributing factor to the global financial crisis:

The aftermath of the financial crisis has demonstrated that investors have also encountered difficulty in locating other investors in order to enforce rights collectively under the terms of the ABS transaction, especially those related to repurchase demands due to breaches of the representations and warranties.  Without an effective means for investors to communicate with each other, investors have told us that they are unable to utilize the contractual rights provided in the underlying transaction agreements. (SEC Draft Release)

Dave Jefferds, co-founder and COO of DealVector, maintains that strengthening the ability of investors to communicate with one another is both the easiest and the most important step needed to return the RMBS market to health, and also to improve the resilience of the ABS markets as a whole to unexpected shocks in the future.  Since the next crisis is unlikely to look exactly like the last one, Jefferds argues that “fault tolerance” is as important a goal as “fault elimination,” and that promoting robust communication networks should play an important role.

To discuss the developments to increase transparency in the ABS markets, plus to learn more about the platform DealVector has built to open communications between ABS investors, collateral holders and issuers, please reply to this email or contact me at the number below.

News article details

Media Type
Press Releases