On November 2, the Commodity Futures Trading Commission (CFTC) approved a final rule exempting swaps entered into by certain financial institutions from the CFTC’s swap-clearing requirement under the Commodity Exchange Act (CEA). The exemption applies to swaps entered into by certain central banks, sovereign entities, international financial institutions, bank holding companies, savings and loan holding companies and community development financial institutions. Release.
On December 13, Moody’s released its methodology for U.S. stand-alone housing bond programs secured by credit enhanced mortgages. Moody’s Report.
On December 13, S&P released its methodology for pre-insolvency structural protections in Europe. S&P Report.
On December 12, Fitch published criteria for rating financial institutions above the sovereign. Fitch Report.
On December 11, Fitch updated its criteria for analyzing financing and leasing companies. Fitch Report.
On December 11, Moody’s released its U.S. manufactured housing loan ABS surveillance methodology. Moody’s Report.
On December 11, Moody’s released its methodology for mortgage insurers. Moody’s Report.
On December 10, S&P released its methodology for Mexican trade receivables ABS transactions. S&P Report.
