Nota Bene Episode 47: It’s All About Capital with Colleen McDonald
There has been a resurgence and renewed vigor in the new economy securitization market, particularly on the U.S. west coast which has become the hub of FinTech activity. We’re exploring this changing landscape of the securitization market with the increase of access to information through technology and the uptick in FinTech companies.
Joining host Michael Cohen for this conversation is Colleen McDonald. Colleen is a seasoned securitization and structured finance attorney with significant market know-how in terms of both working capital financing and capital markets transactions. Colleen works with banks, marketplace lenders and alternative capital providers, fintech companies, sellers and investors to structure debt transactions utilizing cash-flow generating assets in all stages of development. Colleen, and her colleagues in Sheppard Mullin’s Financial Services Group, help clients navigate the U.S. regulatory structure particularly as it relates to lending products.
What We Discuss in This Episode:
What is structured finance and securitization?
Why securitization is important for the credit industry in the U.S.?
Where do the risks lie with structured finance?
What is the minimum “skin in the game” in a typical securitization?
How did the 2008 financial crisis affect the decline of securitization?
Is securitization making a comeback in San Francisco?
Has access to technology and artificial intelligence affected secured transactions?
How are FinTech companies in San Francisco changing the landscape of securitization?
Why FinTech companies are ripe for entering into this space?
Who are the non-bank lenders now and how are they making a comeback?
Are other countries approaching securitization in a similar way as the U.S.?