This overview is a guide to the Banking & Finance content within the US regulatory issues—Structured products and securitisation subtopic, with links to appropriate materials.
The principal regulations that govern structured products and securitisation in the United States (US) are set out below.
Following the financial crisis of the US capital markets in 2008, the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (Dodd-Frank) was enacted to increase the regulation of the US financial system.
With respect to derivatives used in structured products, Dodd-Frank:
mandates the registration and regulation of 'swap dealers' and 'major swap participants'
imposes clearing and trade execution requirements on standardised derivative products
requires recordkeeping and data reporting of swaps, including real-time public reporting, and
enhances federal agencies’ oversight over the swaps industry
Dodd-Frank has two key aims:
to remove the threat of a major counterparty failure from the financial system of the kind seen by the collapse of Lehman Brothers or AIG; and
to provide regulators with data as to the size and nature of a market which is globally
To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
**Trials are provided to all LexisNexis content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisNexis services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
Banking & Finance analysis: The Iran conflict has become a significant legal and operational issue for global energy, materials and equipment supply...
The International Swaps and Derivatives Association (ISDA) has responded to the Bank of England’s (BoE) consultation on its approach to using...
Companies House has announced that the government will implement the accounts filing reforms introduced by the Economic Crime and Corporate...
Banking & Finance analysis: Stefanie Price, partner and co-head of London Real Estate, and Jack McCaw, senior associate, both at Baker McKenzie,...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)What is repo?Repo is the market term for a ‘repurchase transaction’, which involves the sale of an asset by one party (the seller) to another party (the buyer) with a simultaneous agreement between the parties that the seller
What is a true sale in a securitisation context?What is a securitisation?A securitisation is a financing technique used to finance the ownership or sale of types of assets that would otherwise be difficult to finance or sell (ie 'illiquid' assets such as bilateral loans and mortgages and other loans
The insolvency remote SPV in structured financeIntroduction to SPVsWhat is an SPV?'SPV' stands for 'special purpose vehicle'. An SPV is a body corporate, usually with limited liability, which is specially-incorporated for the purpose of a structured finance transaction in a jurisdiction and with an
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
0330 161 1234