Lessons From a Market Wake-Up Call

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December 23, 2025

Lessons From a Market Wake-Up Call

Redefining Risk Mitigation in Asset-Backed Finance

Recent headline-making failures have exposed longstanding vulnerabilities in asset-backed finance and ushered in a new era of scrutiny—one where operational blind spots are no longer tolerated and leadership teams are expected to prove they have meaningful controls in place. As expectations rise from boards, investors, and regulators, traditional safeguards and manual attestations simply aren’t enough.

This white paper explores what’s driving this reset, why the bar for transparency has shifted, and the practical verification standards now emerging to help lenders strengthen collateral oversight across facilities.

About the author

Bart Steenbergen, Head of Capital Solutions, Setpoint

Bart Steenbergen is a veteran capital markets leader with deep expertise in asset-backed finance and credit risk, previously overseeing secured financings and multi-billion-dollar portfolios at BMO Capital Markets and Amherst Holdings.

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