ASF 2010 Monday Feb 1st

• Total ASF Monday: Too Cool For School 02/01/2010 

• CMBS Troubled Without TALF; RMBS Just Troubled 02/01/2010 

  When the government ends its Term Asset-Backed Securities Loan Facility in March, commercial mortgage-backed securities will be the sector that struggles the most to make it without government assistance, according to panelists speaking on the “Restoring the Private Securitization Market and Unwinding Government Support Programs” panel today at ASF2010.

• Loan Level Data Not Necessary For Credit Card ABS 02/01/2010 

  Loan-level data is not necessary for credit card asset-backed securities, according to panelists on the “Credit Card ABS Sector Review” session at ASF2010.

• Gingrich, Dean Spice Up Lunch 02/01/2010 

  Former Republican Speaker of the House of Representatives Newt Gingrich and Former Democratic National Committee Chairman Howard Dean were on the menu for the ASF2010 working lunch, sparring over politics and entertaining the crowd.

• Crystal Ball Is Murky And A Little Scary 02/01/2010 

  Regulators squared off with industry leaders on the scope and shape of future rules in the “Securitization Policy Reforms: The Shape of Change to Come” panel at ASF 2010 Monday.

• Industry Will Not Escape Without More Regulation, Barr Says 02/01/2010 

  Wherever the securitization market goes from here, it will get there with a healthy dose of regulation in its system, Michael Barr, assistant secretary for financial institutions at the Department of Treasury, said during a featured address at the ASF2010 conference today.

• Market Improves But Challenges Remain, Panelists Say 02/01/2010 

  The securitization market has made significant progress is righting itself compared to a year ago, but many challenges remain, said panelists during the 2010 Securitization Market Outlook: The Way Forward” general session of the ASF conference this morning.

• Medcraft Calls For ‘Three Cs’ In Regulatory Changes 02/01/2010 

  Regulators and securitization industry players need to consider “three Cs” -- coordination, convergence and caution – in implementing regulation to restore confidence in the market, Greg Medcraft, commissioner of the Australian Securities & Investment Commission, told attendees at the ASF2010 conference this morning.

• Loan Extension Possible On €689 Mln Euro CMBS 02/01/2010 

  Loans backing Talisman Finance 3, a €689 million ($958 million) commercial mortgage securitization of German and French property, could be extended after the special servicer and borrower entered into a standstill agreement.

• Q&A With The ASF 02/01/2010 

  Tom Deutsch was promoted to executive director of the American Securitization Forum this year after the departure of George Miller in December.