CMBS Working Group

While advocacy on regulatory matters has an important longer-term role to play, there may be more immediate ways in which we can promote CMBS. Peter Hansell, Cairn Capital, is leading a new initiative to determine how CREFC Europe can best support the recovery of a healthy and sustainable CMBS market in Europe.

We are keen to ensure that we hear the views of different market constituencies – and investor perspectives are perhaps especially important in that regard.

In the meantime, we are considering how we might build on Market Principles for Issuing European CMBS 2.0, a paper produced in November 2012 by a CREFC Europe committee chaired by Nassar Hussain, Brookland Partners.

The CMBS 2.0 committee had been formed in May 2011 to help CMBS market participants learn from the crisis and develop practices and standards for new CMBS issuance. The committee’s market principles brought together the contributions of working groups covering:

  • pre-issuance disclosure
  • excess spread structures
  • improved investor reporting
  • transaction structure features and issues
  • servicing and transaction counterparty roles
  • investor identification

Please contact Peter Cosmetatos on +44 20 3651 5696 or or Peter Hansell if you have questions or suggestions, or would like to be involved in the new initiative.