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	<title>Asset Securitization</title>
	<description>Publications and news for Chapman&#039;s Asset Securitization Group.</description>

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		<category>Client Alert</category>
		<title>Risk Weights and Credit Conversion Factors in the Proposed New Subpart E “Expanded Risk-Based” (ERB) Approach Compared to the Existing and Proposed Amendments to the Subpart D Standardized Approach in the US Basel III Rule</title>
		<link>https://www.chapman.com/publication-10154.html</link>
		<description><![CDATA[ Our March 31, 2026, Client Alert described the ERBA NPR and SA NPR issued by the federal banking agencies on March 19, 2026. In that Alert, we indicated we would issue a separate Client Alert describing in more detail how the Standardized Approach &ldquo;risk weights&rdquo; in Section 32 and &ldquo;credit conversion factors&rdquo; (CCFs) in Section 33 of the US Basel III rule would be amended by the proposals in the SA NPR and how those would differ from the risk weights and CCFs proposed in the ERBA NPR (which would be contained in proposed new Sections 111 and 112 of the US Basel III rule). This Alert provides that description and is intended to be read in conjunction with the earlier Client Alert, which provides the background, and defined terms, for this supplementary Client Alert. ]]></description>
		<pubDate>Mon, 13 Apr 2026 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Tenth Circuit Grants Rehearing in Colorado Opt Out Case</title>
		<link>https://www.chapman.com/publication-10151.html</link>
		<description><![CDATA[ Today, the Tenth Circuit Court of Appeals issued an Order granting a motion for rehearing en banc by the entire Tenth Circuit. This relates to the challenge by three trade associations to the action of the Colorado legislature opting out of federal interest rate preemption applicable to state banks for loans made in Colorado. ]]></description>
		<pubDate>Thu, 02 Apr 2026 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Questions and Answers About New Basel III Endgame Notices of Proposed Rulemaking</title>
		<link>https://www.chapman.com/publication-10149.html</link>
		<description><![CDATA[ Our March 25, 2026 Client Alert &ldquo;Federal Banking Agencies Issue Revised Basel III Endgame Notices of Proposed Rulemaking and Proposed Amendments to Existing Standardized Approach&rdquo; described that the three federal banking agencies&nbsp;jointly issued two &ldquo;notices of proposed rulemaking&rdquo; captioned &ldquo;Regulatory Capital Rule: Category I and II Banking Organizations, Banking Organizations With Significant Trading Activity, and Optional Adoption for Other Banking Organizations&rdquo; and &ldquo;Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-weighted Assets." ]]></description>
		<pubDate>Tue, 31 Mar 2026 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>March 2026 Proposed Changes to US Bank Capital Rules: Implications for Securitization Transactions</title>
		<link>https://www.chapman.com/publication-10148.html</link>
		<description><![CDATA[ On March 19, 2026, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued for comment joint Notices of Proposed Rulemaking proposing changes to the US bank capital regulations. The NPRs propose several changes to the regulations for determining required capital for bank securitization exposures and additional changes that will impact securitization exposure capital charges. While the proposed changes impact banks originating both traditional and synthetic securitizations of their own assets, and securitization exposures in the form of derivatives, and provide a new method for determining the risk weights of exposures to non-performing loan securitizations, this Client Alert focuses on the impact of the proposed rules on banks investing in securitization transactions (other than NPL securitizations), both by buying asset-backed securities with the intent to hold such securities&nbsp;and by providing financing of securitizations by making loans or entering into asset purchase facilities, either directly or through credit and liquidity facilities provided to asset-backed commercial paper conduits. ]]></description>
		<pubDate>Thu, 26 Mar 2026 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Federal Banking Agencies Issue Revised Basel III Endgame Notices of Proposed Rulemaking and Proposed Amendments to Existing Standardized Approach</title>
		<link>https://www.chapman.com/publication-10146.html</link>
		<description><![CDATA[ On March 19, 2026, the three federal banking agencies jointly issued two separate &ldquo;notices of proposed rulemaking&rdquo; proposing a revised &ldquo;expanded risk-based&rdquo; approach to replace the ERBA proposed in 2023 and amendments to the existing &ldquo;standardized approach&rdquo; in the US Basel III rule to reduce risk weights for some exposures, eliminate certain capital deductions, and make other changes to the SA. ]]></description>
		<pubDate>Wed, 25 Mar 2026 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Credit Risk Transfer, Simplified</title>
		<link>https://www.chapman.com/publication-10090.html</link>
		<description><![CDATA[ A well-trodden path for banks to achieve regulatory capital reductions by mitigating credit risk is through a synthetic securitization, either by issuing credit-linked notes (CLNs) or engaging in bespoke bilateral credit derivative transactions. These transactions&mdash;while complex to execute&mdash;offer the significant advantage of transferring risk on a large, diversified portfolio of obligors, allowing investors to evaluate credit risk on a statistical basis. This lessens the need for investor diligence at the level of individual obligations, which facilitates risk transfer on obligors for whom information might be limited or costly to digest. ]]></description>
		<pubDate>Mon, 25 Nov 2024 09:00:00 -0500</pubDate>
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		<category>Client Alert</category>
		<title>Risk Weights and Credit Conversion Factors in the Proposed New Subpart E “Expanded Risk-Based” (ERB) Approach Compared to the Standardized Approach in the US Basel III Rule</title>
		<link>https://www.chapman.com/publication-10062.html</link>
		<description><![CDATA[ Our December 6, 2023 Client Alert described very generally important aspects of the &ldquo;Basel III Endgame&rdquo; NPR (NPR) that proposed replacing two &ldquo;subparts&rdquo; of the existing US Basel III rule. In that Alert, we indicated we would issue a separate Client Alert describing in more detail how the Standardized Approach &ldquo;risk weights&rdquo; in Section 32 and &ldquo;credit conversion factors&rdquo; (CCFs) in Section 33 of the US Basel III rule differ from the risk weights and CCFs proposed in the NPR (which would be contained in proposed Sections 111 and 112 of the US Basel III rule). This Alert provides that description. This Client Alert does not address the risk weights for securitization exposures. For a discussion of the impact of theBasel II endgame proposal on securitization exposures, please see our Client Alert dated August 1, 2023, a copy of which can be found here. ]]></description>
		<pubDate>Fri, 15 Dec 2023 09:00:00 -0500</pubDate>
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		<guid isPermaLink='false'>f2d376c4ac996e810ccf3c815df29e42</guid>
		<category>Client Alert</category>
		<title>Questions and Answers About the Basel III Endgame Notice of Proposed Rulemaking</title>
		<link>https://www.chapman.com/publication-10061.html</link>
		<description><![CDATA[ On July 27, 2023, the three federal banking agencies jointly issued a &ldquo;notice of proposed rulemaking&rdquo; captioned &ldquo;Regulatory Capital Rule: Large Banking Organizations and Banking Organizations With Significant Trading Activity&rdquo; (NPR) that is more commonly described as &ldquo;the Basel III endgame.&rdquo; ]]></description>
		<pubDate>Wed, 06 Dec 2023 09:00:00 -0500</pubDate>
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		<guid isPermaLink='false'>c788c4fcf3860fcc0e40ab65dd0d7553</guid>
		<category>Client Alert</category>
		<title>Proposed Changes to US Bank Capital Rules: Implications for Securitization Transactions</title>
		<link>https://www.chapman.com/publication-10053.html</link>
		<description><![CDATA[ On July 27, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint Notice of Proposed Rulemaking (the &ldquo;NPR&rdquo;) proposing significant changes to the US bank capital regulations. The NPR proposes several changes to the regulations for determining required capital for bank securitization exposures and additional changes that will impact securitization exposure capital charges. While the proposed changes impact banks originating both traditional and synthetic securitization of their own assets, and securitization exposures in the form of derivatives, and provide a new method for determining the risk weights of exposures to Non-performing Loan (&ldquo;NPL&rdquo;) securitizations, this Client Alert focuses on the impact of the proposed rules on banks investing in securitization transactions (other than NPL securitizations), both by buying asset-backed securities with the intent to hold such securities&nbsp;and by providing financing of securitizations by making loans or entering into asset purchase facilities, either directly or through credit and liquidity facilities provided to asset-backed commercial paper (&ldquo;ABCP&rdquo;) conduits. ]]></description>
		<pubDate>Tue, 01 Aug 2023 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>LIBOR Transition Regulations Finalized</title>
		<link>https://www.chapman.com/publication-9996.html</link>
		<description><![CDATA[ The IRS published final LIBOR transition regulations in the Federal Register on January 4, 2022. The regulations allow modifications of debt instruments and other contracts to replace LIBOR without triggering a reissuance or deemed exchange if certain conditions are met. ]]></description>
		<pubDate>Tue, 11 Jan 2022 09:00:00 -0500</pubDate>
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