Very loosely speaking, and in line with some of the analogies to physics given in this book, structured finance could be viewed as the "quantization of corporate finance". The authors succingtly give a hint to this viewpoint when they write in chapter 2 that structured...

Joint Obligation Ratings in Consumer ABS Thomas Adams, Ann Rutledge and Sylvain Raynes Current rating agency practices do not appear to factor into the ratings of insured consumer asset-backed securities (ABS) the effects of correlation between an insurer default and a transaction default.  As a result, the...

R&R Consulting principal Sylvain Raynes welcomes Standard and Poor’s admission that it incorrectly analyzed 1,196 securities tied to U.S. residential mortgages, but wonders if anyone at the company will bear the consequences. Read the full article by Jody Shenn, “S&P May Reduce 1,196 Securities Tied...

The Wall Street Journal interviews R&R Consulting principal Ann Rutledge about how the Federal Reserve's bailout of troubled firms made use of an obscure investment vehicle that had been closed out of the commercial-paper market long before the program was launched. Read the full story...

Bloomberg quotes R&R Consulting principal Sylvain Raynes regarding news that the Federal Reserve withheld details on individual securities pledged as collateral by recipients of the $885 billion federal bailout.  Read the full story by Caroline Salas and Matthew Leising, "Federal Reserve Withholds Collateral Data, Denying...

Business News Network's SqueezePlay interviews R&R Consulting principal Sylvain Raynes on the use of asset-backed commercial paper to finance independent film productions. Watch the full interview, "ABCP for Indie Films?", BNN, November 16, 2010....

Do the Federal Reserve Bank of New York's attempts to recover taxpayer funds used in the financial crisis bailout betray its mission to ensure the stability of the financial system? R&R Consulting principal Sylvain Raynes weighs in. Read the full article by Caroline Salas and...

R&R Consulting principal Ann Rutledge is among the experts quoted in a Washington Post article on the ramifications of flawed paperwork that has brought foreclosures to a standstill nationwide. Read the full article by Ariana Eunjung Cha and Jia Lynn Yang, "Lack of proper mortgage...

The New York Times interviews R&R Consulting principal Ann Rutledge about the Security and Exchange Commission's proposal to tighten rules as a means of restoring trust to the asset-backed securities market. Read her assessment of the prospects for meaningful reform in Gretchen Morgenson's September 4...