New deadline is Feb. 16
Plan will take longer than expected to be completed, committee says
IIROC reports says investment dealers that sold ABCP to retail clients put little effort into vetting the products
Complexity, credit crisis pushes back October completion date
Report makes recommendations on transparency, conflicts of interest, and use of credit ratings
Curtailment of packaging assets and selling them as securities would require big hike in loan loss reserves at U.S. banks
New proposals would require prospectus to sell ABCP short-term debt
Ontario court upholds restructuring plan
In April, Fitch released its updated methodology for rating corporate CDOs, which primarily invest in assets with maturities of 10 years or less. A critical component of the revised corporate CDO methodology was access to robust data on corporate default rates for maturities of 10 years and less, and the benchmarking of CDO performance against […]
Transat agrees to support ABCP restructuring plan