United States on Capital Adequacy/BASEL

The Federal Reserve and FDIC have withdrawn from the Network for Greening the Financial System due to concerns that its activities exceeded the Federal Reserve's and the FDIC's statutory mandates.

In this bulletin, we consider the current state of the EU, U.K. and U.S. markets for credit risk transfer ("CRT") transactions, with a particular focus on the fund finance market.

The European Commission has produced the first leg of its long awaited consultation on the function of the EU Securitisation Framework ("ESF") in the form of a paper setting out consultation questions.