Latest news
Latest news
Initial pricing set for Santander’s two euro ABS deals
The issuer previously issued two sterling credit card ABS standalone deals
SilverRock was taken over by GB Bank in March
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The attempt by France to broaden the European Union’s proposed Taxonomy of Sustainable Economic Activities away from the “green niche” has made a good start. Financial officials from all the EU governments discussed the idea on Tuesday, with many member states being “very supportive”, according to sources close to the situation. -
Catastrophe bonds could be a useful tool for countries in the western Balkans to insure against the impact of weather related disasters — especially if bodies such as the EBRD and UN play a role
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NewDay, the UK storecard lender, has announced a securitization in either or both of dollars and sterling, in which the interest rate might be linked to Sonia, the Sterling Overnight Index Average. The announcement came as the secondary ABS market tightened markedly.
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The UK’s so far quixotic response to climate change stands a good chance of becoming more serious and organised, after the government welcomed a bold policy report calling for net zero carbon emissions by 2050.
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While other central banks have started to grapple with climate change, the Federal Reserve has been conspicuous by its absence. But as green shoots begin to emerge in the US, the Fed will not be able to ignore the topic for much longer.
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NatWest Markets has hired an experienced debt capital markets banker to be its country head for Germany, based in Frankfurt.
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RCI Banque has announced Cars Alliance Auto Loans Germany V 2019-1, an €810m German auto loan securitization arranged by Credit Agricole and HSBC. Leads circulated initial price thoughts on Monday with the 2.8 year class 'A' notes guided at high to mid 20bp, and the 4.8 year class 'B' in the mid 70s.
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A list of competent authorities under article 29 of the new Securitization Regulation published by the European Securities and Markets Authority (ESMA) showed that Spain is still without a securitization regulator, in an example of the teething difficulties of the new European securitization regime.
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The US Federal Emergency Management Agency (FEMA) has returned to the catastrophe bond market to manage risk in its flood insurance programme. The agency is resorting to the insurance-linked security market as it looks to change its financial model.
