Items Tagged with 'Liquidity risk'

ARTICLES

  • Could New Liquidity Requirements Sink the Ship?

    Because the international banking regulations dubbed “Basel II” have not yet become operational in the US (and might not ever be), I was a little surprised, in recent weeks, to see two US fixed income analysts dissect the impact of still-in-the-works Basel III liquidity rules in recent weeks.
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  • Bernanke Sees Deeper Recession Without Intervention

    It's the mantra among regulators and echoed by Federal Reserve chairman Ben Bernanke on Friday: The recession -- pushed along by rising unemployment levels, plunging home values and growing delinquencies -- would be much worse had governmental bodies not stepped up to intervene.
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  • EU Mandates 5% Risk Retention, Sets CRA Framework

    The Council of the European Union on Monday adopted new regulations imposing a legal framework on credit-rating agencies and introducing the requirement of 5% risk retention by originators. A major directive within the new regulations tightens capital requirements for European banks. In an effort to improve the framework for securitization practices, the regulation requires originators to retain 5% of risk transferred or sold to investors. Trade groups Stateside remain categorically opposed to a 5% risk retention.
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  • Fed’s Krozner: Improved Underwriting, Risk Management Critical to Mortgage Market Recovery

    Recovery in the mortgage markets will take some time to materialize, although it will materialize — eventually — Federal Reserve governor Randall Krozner said Thursday afternoon. Characterizing market recovery as “a gradual process that requires both market and regulatory discipline,” Krozner said that better information and transparency will be needed to restore investor confidence and bring liquidity back to a mortgage market that has been battered, and in some sectors, even left for dead.
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  • Mortgage REIT Insider: Agency REITs on the Rebound

    On the M&A front, commercial mREIT CapitalSource [stock CSE][/stock] snagged struggling Fremont General’s 22 Southern California bank branches, a move investors initially cheered. Nonetheless, analysts still questioned whether the new access to liquidity would trump long-standing credit quality concerns at CapitalSource.
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  • Countrywide: No Liquidity Problem Here

    Amid new revelations of liquidity problems this week at major mortgage operations, including American Home and C-BASS, Countrywide has gone on the offensive -- and said in a statement today that its liquidity and financial condition is strong:
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  • Update: C-BASS Faces 'Unprecedented' Margin Calls

    Following up on a story I posted on last night, C-BASS this morning put out a press release acknowledging liquidity challenges at the scratch-and-dent operation, and said that the company was "exploring all options" in terms of finding additional liquidity. From the press release:
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