Risk Retention QA BLOGDechert, together with the three other leading law firms in the CMBS securitization space, Cadwalader, Wickersham & Taft LLP, Orrick, Herrington & Sutcliffe LLP and Sidley Austin LLP, published a position paper entitled “Selected risk retention questions and answers for CMBS securitizations.”

Dechert partnered with other leading law firms in an effort to facilitate marketplace implementation of the Risk Retention Rule (the “Rule”).  As we have noted repeatedly before, the Rule is riddled with open questions.   The paper was authored to try to provide some guidance on the most consequential open questions based upon the deep experience and perspective of the most active securitization participants.

Here is a direct link to the position paper.
Here is Dechert’s Risk Retention Resources Page.

Please feel free to contact the members of our Risk Retention team. We are happy to walk you through what this all means and how you can use it to structure your securitizations going forward.

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Photo of Rick Jones Rick Jones

Richard D. Jones (“Rick”), Rick Jones is a capital markets and securitization practitioner highly rated by both Chambers, USA  and Legal 50

A leader in the industry, a recipient of both the CREFC Founders Award and the Distinguished Service Award from the

Richard D. Jones (“Rick”), Rick Jones is a capital markets and securitization practitioner highly rated by both Chambers, USA  and Legal 50

A leader in the industry, a recipient of both the CREFC Founders Award and the Distinguished Service Award from the Mortgage Bankers Association (MBA) for his leadership.  Rick publishes widely and speaks on a wide range of issues effecting the capital markets and mortgage finance.  He is a past president of the CRE Finance Council; a founder of the Commercial Real Estate Institute (CRI); a member and past governor of the American College of Real Estate Lawyers and a former chair of its Capital Markets Committee; and a past  member of the Commercial Mortgage Board of Governors (COMBOG) of the MBA.  He currently is chair of the CREFC  Policy Committee and co-chair of its PAC, Mr. Jones is a member of the Real Estate Roundtable, serving on its Capital and Credit Policy Advisory Committee.