SFA News

SFA Bright Ideas Podcast: Ian Bell on Europe’s Push to Revitalize SecuritizationOn the latest episode of the Bright Ideas Podcast, SFA CEO Michael Bright sits down with Ian Bell, CEO of the PCS Initiative, for a wide-ranging discussion on:— The origins and purpose of the STS framework— Why Europe’s securitization market has struggled to recover post-GFC— How regulation has shaped market growth and

SFA Publishes Reduced Compliance Scope for Closed-End Subordinate Lien Financing On May 26, 2026, the Structured Finance Association (SFA) published its Closed-End Second (CES) Reduced Compliance Scope, referred to as the SFA TRID Subordinate Lien Scope 1.0. Developed by SFA’s RMBS Third-Party Review Task Force, this framework establishes a standardized approach to compliance reviews for closed-en

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Structured Finance Association ReleasesFraud Mitigation Survey FindingsOn Tuesday March 31, the Structured Finance Association (SFA) published the results of its Fraud Mitigation Survey. SFA’s Fraud Mitigation Task Force worked with Ernst & Young to develop and administer a survey on the state of fraud mitigation and detection in the securitization industry. Respondents included market participant

SFA Member Alert:Federal Reserve Releases Revised Capital ProposalToday, the Federal Reserve released its revised proposal of the standardized approach and broader capital framework. SFA welcomes this updated proposal, which reflects a more balanced, transparent, and risk-sensitive calibration of bank capital requirements. We are particularly encouraged that the proposal does not include an increa

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SFA Member Alert:Fed Vice Chair Bowman Previews Basel III Endgame ProposalMichelle Bowman today previewed regulators’ forthcoming proposal to update U.S. bank capital rules in the Basel III Endgame framework. The proposal is expected to be released late next week, followed by a 90-day public comment period.Bowman said the revised framework would apply primarily to the largest banks, while regional

SFVegas 2026: Key Takeaways and Themes SFVegas 2026 delivered another standout year of insights, industry engagement, and record attendance. This year’s event attracted nearly 11,000 registrants, setting a new SFVegas record and reflecting both the depth of industry involvement and the event’s continued growth as the premier forum for structured finance. The conference agenda covered a wide range

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SFAcademy: Level 2Module 4 Now Available Module 4 of SFAcademy's Bootcamp Series is now available. In this newly added Level 2 course, Deutsche Bank's Jamie Flannick covers a conversation on Understanding the CLO Manager.By the end of this session, you will understand:The value that a CLO manager provides, and identifies a set of considerations that an investor could use in manager selection. Why

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SFAcademy: Level 2Module 3 Now AvailableModule 3 of SFAcademy's Bootcamp Series is now available. In this newly added Level 2 course, Grant Thorton's Anna Truong covers Small Business Financing.By the end of this session, you will understand:How small businesses drive the U.S. economy and depend on a range of lenders for capital.The key factors that influence small business loan approval, includin

SFA Submits Response to SEC’s RMBS/ABS Concept ReleaseOn November 25, 2025, the Structured Finance Association (SFA) responded to the U.S. Securities and Exchange Commission’s (SEC) Concept Release regarding rules pertaining to residential mortgage-backed securities (RMBS) and asset-backed securities (ABS).SFA’s response offers feedback on how asset-level disclosures and the definition of asset-ba

SFA Member Alert: CFTC Issues CPO No-Action LetterOn November 21, the Commodity Futures Trading Commission issued a no-action letter to theStructured Finance Association. In response to SFA’s previous advocacy, the CFTC’s letter provides relief from commodity pool operator (CPO) registration and certain compliance requirements for banks setting up or operating the special purpose vehicles (SPVs) i

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SFAcademyModule 2 Now AvailableModule 2 of SFAcademy's Bootcamp Series is now available. In the newly added level 2 course, Hunton Andrews Kurth's Erick Carlson, Jendy Daglio, and Rudene Haynes covers Servicing Advance Facilities.By the end of this session, you will understand:What are servicing advances and servicing advance receivables.How servicing advance facilities are structured.What the key