We are working, or have worked, to:
- improve the current regulatory framework for structured finance securities, particularly insofar as reforming the credit rating agencies is concerned;
- help our clients gain an improved understanding of both the meanings of different rating systems and the methodologies that go behind these ratings; and
- help our clients achieve a greater appreciation of the various intricacies in each deal’s supporting documents, and an increased awareness of the types of on-going surveillance, stress testing, and risk management efforts that may be expected of them – with respect to the CDO itself and/or its underlying assets -- in accordance with, among others, IOSCO’s
"Good Practices in Relation to Investment Managers’ Due Diligence When Investing in Structured Finance Instruments,"
the MFA’s "Sound Practices for Hedge Fund Managers,"
or AIMA’s "Guide to Sound Practices for European Hedge Fund Managers."
