Lessons From Tough Times: Understanding VRDO Failures

By Frank P. Sulzberger and Andrew Flynn

The credit crunch and bond insurer downgrades have had a tremendous impact on the municipal bond market in general and VRDO market in particular. In this edition of the Global Corporate Trust Innovation Series, read how issuers and counterparties can start making changes now to strengthen and improve VRDO mechanisms and reduce potential exposure to credit downgrades that are beyond their control.

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Global Registry and Custody Service of Voluntary Carbon Units [US] [A4] 

The Bank of New York Mellon created the Global VCU Registry and Custody Service unit to provide participants in the voluntary market with a tool that will contribute to development of a fungible market in Voluntary Carbon Units (VCUs).

Reverse Mortgages: Back to the Future

by Tony Nunes

Reverse mortgage growth may expand exponentially, in keeping with the pending global retirement of the post-World War II baby boomer generation. In this edition of the Global Corporate Trust Innovation Series, you'll learn about reverse mortgage trends and how The Bank of New York Mellon is laying the groundwork to provide comprehensive reverse mortgage services.

Improving Corporate Governance in Islamic Finance

by Hani Kablawi

Improved corporate governance is central to helping Islamic finance reach its next level of development. In this edition of the Global Corporate Trust Innovation Series, you'll learn about how an independent trustee, custodian, or newly empowered Sukukholder representative could play a critical role in overcoming current governance shortcomings.

Increasing Tri-Party Repo and Securitization Transparency: A Roundtable Discussion

by Harold Fudali with Patrick Tadie and James Malgieri

The subprime crisis has led many investors to demand greater loan-level data in order to determine whether underlying assets are actually performing. In this edition of the Global Corporate Trust Innovation Series, you'll learn about a sophisticated, end-to-end collateral management system that will provide the transparency investors demand.

Differentiating Between Emerging and Evolving Markets

by Alex Tsarnas

The subprime contagion has refocused the market's attention on risk, especially in emerging markets. In this edition of the Global Corporate Trust Innovation Series, you'll learn how emerging markets may differ from a risk perspective, plus the ways in which an experienced, independent trustee can help mitigate the risk.

A World of Difference

By Samir Pandiri

Project finance is growing due to globalization, industry expansion, new investor classes, deal complexity and emerging debt structures. Learn how these interwoven trends are strengthening the role of trustees in this edition of the Global Corporate Trust Innovation Series.

Shelter from the Subprime Storm

U.S. mortgage issuers, underwriters, and investors may be turning to a 200-yesr-old financial tool to survive today's global credit crunch and liquidity squeeze.

A Perfect Municipal Storm

Taken together, the issues facing the municipal bond industry may bring on further regulation.

Turbulence Versus Transparency

How trustees are shaping the future of the North American securitization and structured finance market.       

The Right Environment for Change

How voluntary carbon trading can save the Kyoto Protocol. 

Wired and Inspired

With the traditional role of the trustee expanding, technological innovation holds the key to success. Discover how speed, precision, access, and computational power are helping trustees do more with less in this edition from The Global Corporate Trust Innovation Series.

Big Blue

Welcome to Blue City, the landmark development in Oman that is a case study for the rapidly evolving world of project finance and the expanding role of trustees. In this Global Corporate Trust Innovation Series edition, the author discusses the financial complexities of building Blue City and the future of project finance it represents.

The Trustee Utility Belt

As securitization continues to expand, so do its complexities. To meet new challenges, today's trustee must come equipped with vast resources, tools, and knowledge. In this edition of our innovation series, you'll learn what it takes for a trustee to be successful in the growing world of securitizations.

Hybrid SIVs: On the Road to Success

How can managers of Structured Investment Vehicles (SIVs) meet the growing challenge to increase profits? In this edition of The Global Corporate Trust Innovation Series, you'll discover how vehicles, such as SIV-lites, are helping managers stay ahead of the curve.

Do You Have Change for a Tögrög?

Cultural differences, ever-changing regulations, and transaction restrictions can make for some tough challenges for investors in non-U.S. markets. In this edition of The Global Corporate Trust Innovation Series, you'll learn the value in using a trustee when it comes to avoiding traps, minimizing risks, and investing successfully in non-U.S. markets.

Three's Not a Crowd

Tri-party repo has experienced rapid growth in the past decade and will continue to grow rapidly. Mortgage Whole Loans are used as collateral to secure financing in repo transactions. In this edition of The Global Corporate Trust Innovation Series, you'll learn how The Bank of New York Mellon can perform the three essential roles in a tri-party transaction, and excel in all of them, providing clients with greater efficiency, cost savings, and transparency throughout each transaction's life cycle.