Bank of England, TFSME

Credit Risk: The Definition of Default (BOE)

Overview In this Consultation Paper (CP), the Prudential Regulation Authority (PRA) sets out its proposed approach to implementing the European Banking Authority’s (EBA’s) recent regulatory products relating to the definition of default in the Capital…

FHFA Mandates More CRTs in 2018

The regulator making most of the decisions for the two Government Sponsored Entities (GSE) released its outlook for 2018, and the credit risk transfer program will play a critical role. The Federal Housing Finance Authority…

CBO Gives Thumbs Up to CRT Markets

The Congressional Budget Office (CBO) gave a thumbs up to the mortgage Credit Risk Transfer market. The primary function of the CBO is to “score bills”, a process by which the office predicts the effect…