U.S. financial regulators address the actions taken by Congress and act upon the bills signed into law by the President.  Currently, regulators and legislators are considering action on lending and investment practices, tax policies, housing issues and financial guidelines for the asset-backed securities market.  As the myriad forms of regulations take shape, most notably from the new Dodd-Frank law, CRE Finance Council members are offering market insights into the commercial real estate financial landscape as regulators shape the laws enacted by lawmakers.

>  SEC Regulation AB (visit the Regulation AB Task Force page)

>  FDIC Safe Harbor (visit the FDIC Safe Harbor Task Force page)

>  Basel / Capital Requirements (visit the Basel Task Force page)

>  Credit Rating Reform

>  SEC Reps and Warrants Rule

>  FSOC Regulation of NFC’s

>  FSOC and Volcker Rule

>  FDIC’s Orderly Liquidation Authority

>  SEC’s Rule on Reviewing Assets Underlying an ABS Transaction

>  Risk Retention 

Featured Documents

> CREFC, ASF Respond to SEC on 3a-7 ABS Exclusion 

> CREFC Endorses CMR Coalition letter to SEC on 3(c)5(C) Exclusion 

> CREFC, Coalition Respond to SEC on 3(c)5(C) Exclusion

> Commercial REITs Respond to SEC on 3(c)5(C) Exclution 

> Cheat Sheet” for Rulemakings Affecting CRE 

>  CREFC Retention Testimony Before House Subcommittee

> CREFC Analysis of Proposed Risk Retention Rules

> Proposed Risk-Retention Rule Summary

> Proposed Risk-Retention Rules

> CRE Finance Council Response to SEC’s ABS Ongoing Disclosure Proposed Rule 

> SEC’s ABS Ongoing Disclosure Proposed Rule 

> SEC’s Final Rule on Representations & Warranties for ABS Transactions

> SEC’s Final Rule on Reviewing Assets Underlying an ABS Transaction

> FSOC Study on Risk Retention 

> FSOC Study on Volcker Rule

> Council Responds on “Volcker Rule” Implementation

> Summary of SEC’s Proposed Rules on Reviewing Assets Underlying an ABS Transaction

> Letter to FDIC Seeking Clarification of Rule

> Federal Reserve Report to Congress on Risk Retention

> Archived Documents  

Comment Letters & Testimony

October 4, 2011
CREFC Response to SEC’s Reg AB Re-Proposal 

August 2, 2010
Council Response to SEC’s Proposed Changes to Reg AB

Research / Background Documents

Press Releases

September 27, 2010
FDIC Finalizes 'Safe-Harbor' Rule 

July 1, 2010 
CRE Finance Council Comments on FDIC 'Safe Harbor' Rule

Comment Letters & Testimony

October 21, 2010
 Letter to FDIC Seeking Clarification of Rule 

July 1, 2010 
Council Letter on FDIC “Safe Harbor” 

February 22, 2010 
CMSA Letter on FDIC's "Safe Harbor" ANPR  

Research / Background Documents

September 27, 2010
Council’s Analysis of FDIC’s Final “Safe Harbor” Rule 

September 27, 2010
FDIC Final “Safe Harbor” Rule 

May 17, 2010
FDIC 'Safe Harbor' Rule 

March 11, 2010 
FDIC Release on Extension of Safe Harbor Rule 
FDIC Extension of Safe Harbor Rule

December 15, 2009 
OCC Statement on FDIC Proposed Securitization Rule 

November 13, 2009 
FDIC Adopts Rule To Provide A Transitional Safe Harbor

November 12, 2009 
FDIC Proposed Interim Final Rule

Comment Letters & Testimony

November 15, 2010
Council Responds to SEC on Representations and Warranties, Repurchase Requests 

Research / Background Documents

January 21, 2011
Council’s Analysis of the SEC’s Final Reps and Warrants Rule 

 January 20, 2011
SEC’s Final Rule on Representations & Warranties for ABS Transactions 

October 4, 2010 
SEC’s Proposed Rule on Representations & Warranties for ABS Offerings  

October 12, 2010
Summary – SEC’s Proposed Rule on Representations and Warranties in ABS Offerings  

Comment Letters & Testimony

November 15, 2010
Council Responds to SEC on Issuer Review of Assets in ABS Offerings 

Research / Background Documents