NRSRO Due Diligence Industry Guide PublishedOn Friday, June 12th, SFIG released its Industry Guide on the Nationally Recognized Statistical Rating Organizations (“NRSRO”) Due Diligence rules.
SFIG’s NRSRO Due Diligence Working Group worked together to define a consistent approach to the due diligence sections of the Securities and Exchange Commission’s August NRSRO rules, with a particular focus on Third-Party Due Diligence for Asset-Backed Securities. Click here to read SFIG’s announcement about the guide.
SFIG is Hiring!
SFIG is seeking talent to fill three open positions:
- Director of Mortgage Policy: Responsible for the development and execution of a robust mortgage securitization policy program.
- Manager of ABS Policy: Provides policy formation support across a wide range of proposed regulation and legislation.
- Media Manager: Manages and develops strategy across all areas of SFIG communication.
Keynote Speakers Announced for ABS East!
SFIG is proud to be the Lead Association Partner for IMN’s 21st Annual ABS East Conference, taking place September 16-18, 2015 at the Fontainebleau in Miami Beach. Last year’s event welcomed nearly 4,000 industry participants, a new record for the ABS East franchise. This year's conference will feature a keynote roundtable entitled, A Look Into the Past and a Gaze Into the Future of Residential Mortgage Finance in the U.S.
SFIG Discusses HQS with Congressman Garrett
SFIG staff met with Congressman Scott Garrett (R-NJ), as well as staff members of the House Committee on Financial Services, to discuss European regulatory efforts to create a high-quality securitization ("HQS") framework and the potential effect on the U.S. asset-backed securities marketplace.
SFIG has commented on numerous documents regarding HQS in recent months, which can be seen here. Contact Michael Flood to learn more about Congressional outreach.
SFIG Submits Comments to the European Commission on HQS
On Wednesday, May 13th, SFIG submitted comments to the European Commission ("EC") in response to its consultation on an EU framework for simple, transparent and standardized securitization. According to the EC, the development of a high quality securitization market constitutes a key element of its plans to develop a Capital Markets Union in Europe.
SFIG's comments were developed through its High Quality Securitization ("HQS") Task Force. To become a member of the HQS Task Force, please contact Amanda Bateman.
Securitization Provides Meaningful Funding to the U.S. Economy
Securitization continues to bolster American businesses and consumer’s access to capital, contributing a significant share of funding to the U.S. economy, according to a new report from Moody’s Investors Service. The full report, "Securitization Provides Meaningful Funding to the US Economy" is available to you on a complimentary basis: A moodys.com login, which is required to access this report, is available for free through a one-time only registration process.
Read SFIG's full story on the report here.
SFIG Delegation Attends China Securitization Forum Annual Conference
A delegation consisting of several SFIG members and staff attended the 2015 Annual Conference of the China Securitization Forum. The conference was well attended, with over 1,500 leading market participants. In addition to multiple meetings with key Chinese market participants and regulators, the delegation participated in several panels and discussions and discussed the application of securitization to funding the real economy.
To join SFIG's Chinese Market Committee, please contact Alyssa Acevedo.
Mark Your Calendars for ABS Vegas 2016!
The Structured Finance Industry Group and IMN are excited to once again co-host the largest capital markets conference in the world, ABS Vegas 2016, taking place February 28 - March 2, 2016 at the Aria Resort & Casino in Las Vegas. The three-and-a-half day program is developed by leaders within the structured finance industry representing the full spectrum of industry participants, which included over 6,500 industry professionals at last year's conference. Registration will be opening soon, so mark your calendars today!
We look forward to seeing you in Las Vegas next February.
SFIG’s membership continues to grow in numbers and diversity. There are approximately 300 institutions representing all segments of the securitization industry contributing to our membership-driven agenda.
We encourage you to apply for membership today.
On June 12th, SFIG released its Industry Guide on the Nationally Recognized Statistical Rating Organizations (“NRSRO”) Due Diligence rules.
SFIG’s NRSRO Due Diligence Working Group worked to define a consistent approach to the due diligence sections of the SEC’s August NRSRO rules.
The Structured Finance Industry Group and IMN are excited to once again co-host the largest capital markets conference in the world, ABS Vegas 2016, taking place February 28 - March 2, 2016 at the Aria Resort & Casino in Las Vegas.
Registration will be opening soon, so mark your calendars today!
SFIG was established with the core mission of supporting a robust and liquid securitization market, recognizing that securitization is an essential source of core funding for the real economy. Under this mission, we are dedicated to:
- Educating members, legislators, regulators, and other constituencies about structured finance, securitization and related capital markets,
- Building the Broadest Possible Consensus among members on policy, legal, regulatory and other matters affecting or potentially affecting the industry
- Advocating with respect to policy, legal, regulatory and other matters affecting or potentially affecting the industry, and
- Core Principles of Governance, Financial Transparency, Inclusion and respectful accommodation of divergent member views.
We provide a representative and transparent member-driven platform for industry education and advocacy. While we are based in Washington, DC, our members’ interests extend globally.
We boast approximately 300 institutional members (and growing), including investors, issuers, and all other participants in the structured finance industry. As a member-driven organization our advocacy is committee-based, with over 50 committees and taskforces actively engaged in representing broad industry viewpoints across all aspects of the regulatory and legislative agenda.