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Past Event
27 April 2017

5:00 p.m. – 5:30 p.m. CEST
4:00 p.m. – 4:30 p.m. BST

United States
11:00 a.m. – 11:30 a.m. EDT
10:00 a.m. – 10:30 a.m. CDT
9:00 a.m. – 9:30 a.m. MDT
8:00 a.m. – 8:30 a.m. PDT


  • Eric M. Reilly
    T +1 704 444 3581
  • Angela M. Ulum
    T +1 312 701 7776

Credit Risk Retention - Keeping Up with the Rules

Sponsors of asset-backed securities transactions are generally required to retain an economic interest in the credit risk of the securitized assets, under rules promulgated by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the US Securities and Exchange Commission, the Federal Housing Finance Agency and the US Department of Housing and Urban Development. These rules (the “Credit Risk Retention Rules”) have been effective for all asset classes since December 24, 2016 and for asset-backed securities collateralized by residential mortgages since December 24, 2015.

In this talk, we will discuss:

  • Requirements of the Credit Risk Retention Rules
  • The evolving market practice by asset class
  • Compliance issues and concerns, including applicability of rules to certain types of transactions and interpretation questions
  • Observations and predictions for the future

Please join Mayer Brown Banking & Finance partners Eric Reilly and Angela Ulum for this discussion of the emerging market practice and interpretive issues under the Credit Risk Retention Rules.

For additional information, please contact .

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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27 April 2017
(To listen to this teleconference, please request access to the audio file.)
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