SECURITISATION NEWS AND DEVELOPMENTS – April 2002
[This page lists news and developments in
global securitisation markets – please do visit
this page regularly as it is updated almost on a
daily basis. Join our mailing list for regular
news fed direct into your mailbox]
Read on for chronological listing of events, most recent on top:
Previous newsletters May 02 .…Mar 02 .…Feb 02 .…Jan 02 .…Dec., 01.…Nov, 01 .… Oct.,2001., Sep.,2001., Aug 2001… July, 2001, .June, 2001, May, 2001,… April 2001… March 2001 ..Jan. and Feb.2001 Nov. and Dec.2000 Sept. and Oct. 2000 July and August 2000 May and June 2000 April 2000 Feb and March 2000
For all news added before 21 January, 2000, please click here |
-
Nomura article says FAS 140 gives misleading picture of real risks
Added April 24
Nomura Research's Mark Adelson has joined in criticising securitisation accounting standards in a recent article. -
India's maiden CDO flops
Added April 24
India's financial institution ICICI's first Indian CDO is reported to have flopped and is being dropped. -
First toll road securitisation in Japan
Added April 24
In what is seen as a template for forthcoming transactions, a road developer securitised a toll road in Japan.. -
Indian accounting body mulls guidance note on securitisation
Added April 24
The Research Committee of the Institute of Chartered Accountants of India has come out with a draft guidance note on securitisation accounting. -
Malaysian consumer financier to hit market with mega securitization
Added April 24
European securitization volumes grew almost 78% in the first quarter of 2002, co -
European securitisation registers major growth
Added April 24
European securitization volumes grew almost 78% in the first quarter of 2002, compared to same period last year. But larger part of that is synthetic issuance. -
Securitization biggies have a big chunk off the books
Added April 12
The data revealed in a recent S&P article shows that the top 30 securitisers have a sizeable chunk off their books, over 100% for some of them. -
Chinese banks may securitise soon
Added April 12
According to reports, the Chinese government is likely to permit 4 banks to securitise in few weeks hence. -
Current accounting rules do not truly reflect securitization risks, says S&P
Added April 12
S&P deliberated at length with risk transfer and substance of securitisation transactions and the move by regulators to put several securitisation transactions back on the balance sheet. -
WSJ article lambastes use of SPEs and securitisation accounting standards
Added April 10
An article in Wall Street Journal of the 10th April comes sharply against securitisation, Wall Street lawyers, and securitisation accounting practices. -
1st quarter downgrades dwarf upgrades:
CDOs, Argentina, Enron take heavy toll of the ABS market
Added April 10
As per a rating migration report from Standard and Poor's, the first quarter 2002 downgrades were 26 times the upgrades during the same period.