Structured Credit Investor recently interviewed Mayer Brown bank regulatory partner Matt Bisanz for its In Conversation podcast. They discussed how the Federal Reserve’s update on 28 September of the FAQs on Regulation Q is likely to impact the US credit risk transfer trades market. The long-awaited guidance clarifies the definition of a synthetic securitization and the operational requirements to use it and, crucially, states that a reservation of authority can be requested for direct CLNs. Matt indicated that he anticipates an increased willingness – especially among larger CCAR banks – to enter into direct CRTs as a result.
Episode 12: Matthew Bisanz, partner in the bank regulatory practice at Mayer Brown
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