Asset-backed securities
Bank of England - Asset Purchase Facility Report (Fourth Quarter 2010)
Bank of England Fourth Quarter 2010 Asset Purchase Facility Report shows Bank made first purchase in secured commercial paper
ECB sets stage to tackle ‘addicted banks’
European Central Bank publishes toughened rules that will allow it to limit individual banks’ access to short-term funds and exclude asset classes
FDIC seeks to raise standards of securitised assets
Federal Deposit Insurance Corporation approves final rule requiring banks to hold 5% of securitised assets on their balance sheet
NBER: narrow funding banks will help regulate ABS market
National Bureau of Economic Research study proposes new narrow funding banks to help regulate asset-backed securities
ECB closes in on inferior collateral with new haircut scheme
European Central Bank’s new discount schedule increases haircuts levied on troublesome collateral, such as asset-backed securities; analysts expect move to discourage pledging of risky assets
Fed overpaid for crisis assets by $21 billion: government report
Congressional Budget Office report estimates the Federal Reserve subsidised banks and investors by $21 billion through its credit programmes
Bini Smaghi defends ECB policy to dump rating agencies
ECB board member Lorenzo Bini Smaghi attacks rating agencies for role in Greek debt crisis
US Senate finds rating agencies influenced by banks
Inquiry says conflict of interest between agencies and their customers did influence ratings of mortgage-backed securities
ECB boosts transparency with new rules on ABS data
European Central Bank kick-starts work to implement enhanced data requirements for asset-backed securities, market participants overwhelmingly in favour of move
SEC announces tighter rules for asset-backed securities market
Proposals come after crisis underlined dangers of instruments’ complexity
Bank mulls widening collateral pool
Bank of England consults on taking “raw loans” at its discount window facility and calls for more transparency from counterparties, says the move will cement confidence in the financial system
Fed’s Duke is optimistic for 2010
Elizabeth Duke, a governor of the Federal Reserve Board, says she is optimistic that the volume of bank loans will increase this year
Accounting standards and capital regulation for securitisation
Bank for International Settlements looks at how regulators could alter the securitisation chain and its influence on originators’ incentives
Bernanke, Dudley justify Talf
Ben Bernanke, the chairman of the Federal Reserve, and William Dudley, the president of the New York Fed, moved to temper fears among lawmakers that the central bank's Term Asset-Backed Securities Loan Facility (Talf) puts taxpayers' money at risk.
Bundesbank makes biggest profit since 2001
The Bundesbank posted €6.3 billion ($8 billion) profit last year, it emerged on Tuesday.
ECB tweaks collateral requirements
The European Central Bank (ECB) on Thursday acted on fears banks were taking advantage of its collateral rules by applying a haircut of 12% to asset-backed securities.
BoJ may ease rules on asset-backed securities
Proposed rule changes to the Bank of Japan's asset-backed securities purchase will be on the agenda for discussion when the BoJ Policy Board convenes on Jan 19-20.
Review of BoJ's asset-backed securities purchase
The Bank of Japan said on 16 December that it is reviewing the conditions for its purchase of asset-backed securities and will report the result at the next Monetary Policy Meeting.
Fukui on the current state of the Japanese economy
In a speech given on 1 October, Toshihiko Fukui of the Bank of Japan said that although it is unprecedented for the central bank to purchase asset-backed securities in that it directly accepts the credit risk pertaining to private-sector debt, the bank…
BoJ's purchases of asset-backed securities
the Bank of Japan has decided to establish Principal Terms and Conditions for the outright purchases of asset-backed securities, 25 June.
Central banks could own big chunk of US Tsys-UBSW
RESEARCH - Global central banks could own the entire supply of marketable U.S. debt by the end of 2006 as growing foreign exchange reserves force them to buy more ultra-safe U.S. government debt, according to a survey of central banks conducted by UBS…