OUR FOCUS AREAS

INSIGHTS

Single Security- US Securities Market

In 2014, the Federal Housing Finance Agency (FHFA) issued a strategic plan with the goal of developing a new securitization infrastructure for Fannie Mae and Freddie Mac supporting Single Family Fixed Rate Mortgage Loans. The objective of the initiative is to increase liquidity in the To-Be-Announced (TBA) market and eliminate trading disparities between TBA’s issued by both enterprises.

LIBOR Cessation & Impact to US Financial Services

In May 2018, the Central Bank of England and the Federal Reserve of New York both urged the finance industry to prepare for the transition to new benchmark rates from Libor in preparation for Libor’s potential cessation as soon as 2021. This transition could lead to one of the largest and most complicated transformations to market participants in the finance industry in decades.

Volcker Rule Amendment

The Volcker Amendment proposal was circulated by the Federal Reserve on May 30, 2018 and includes a significant number of amendments to the proprietary trading provisions of the existing Final Rule adopted December 2013, as well as a large number required for comment on a variety of issues. While the agencies only directly propose a few amendments to the covered funds portion of the Final Rule, they make a similarly large number of requests for comment about possible additional amendments.  

CASE STUDIES

ERIC

BLACKMAN

Institutional Financial Services Practice Lead

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