Freshfields Bruckhaus Deringer has advised Virgin Money plc on a Reg S and Rule 144A multi-currency Residential Mortgage Backed Securitisation, which saw the issuer successfully publicly issue Notes in US$, £ and €.
This was the first securitisation to comply with both the EU and the US risk retention rules.

The Freshfields team was led by structured finance partner Chris Barratt, assisted by senior associate Jesse Fairley. US regulatory advice was provided by New York partner Brian Rance. US securities advice was provided by partner Sarah Murphy.