Report from ABS Vegas 2015

Abstract

In his summary of the conference, the author starts with some overall themes including more than 5,000 enthusiastic attendees, steadily increasing issuance of non-mortgage asset-backed securities (ABS), gradual progress toward reviving residential ABS (RMBS), significant time and energy devoted to regulation, lack of conference content related to RMBS litigation, and the need for the industry to develop a viable private-label RMBS market. Subjects covered in the author’s individual panel discussion summaries include key regulatory developments, such as the derivatives rules, Basel III, the Volcker Rule, Regulation AB II, Basel III, and the role and scope of the Consumer Financial Protection Bureau (CFPB); the future of the ABS market; the importance of securitization in funding the real economy; liquidity in consumer ABS from the syndicate banker and trader point of view; reviving the private-label RMBS market; aircraft finance and securitization; and the online lending industry.

TOPICS: MBS and residential mortgage loans, asset-backed securities (ABS)