Latest news
Latest news
Belgian car leasing company taps four banks and three investment firms
CoT intends on issuing twice a year from its master trust starting from 2027
S&P Global Ratings' Andy South gives his outlook for European ABS, and the regular trio talk about Italian ABS, frantic CLO issuance and a passing of the torch
More articles
More articles
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Auto ABS will have to rely more heavily on loans secured by used cars, as crisis-driven behaviour changes have crushed new car sales but encouraged people to avoid public transport. Captive issuers will therefore make up a smaller proportion of issuance than in the past. -
When the year began, the European securitization market forecast a busy year for itself. Issuance levels in markets from synthetic risk transfer to CLOs had broken issuance records in 2019, with the year ahead expected to match if not outpace the previous year's volumes. Instead, the market found itself grappling with an outbreak which would close up issuance for months and set a new course for ABS. Linked below is a collection of GlobalCapital’s best securitization articles of 2020.
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The world is watching full of hope as Joe Biden prepares to take the helm of the world’s most important economy. He has promised to act decisively on climate change, which must include financial reform. There is much worthy work to do — but four things would save Biden a lot of time.
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Law firm Latham & Watkins hired Alison Haggerty to join its New York office as a partner in the capital markets practice.
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Online personal lender LendingPoint closed its fourth ABS of the year, and one of the last few consumer deals to be priced before rules change in January. The regulatory pendulum is expected to swing next year, with US government agencies starting to keep a closer eye on consumer-facing companies.
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European ABS issuance is closing the year with the lowest volumes since 2009, with the Covid-19 economic turmoil and cheap central bank liquidity having deterred issuers from coming to market.
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The Association for Financial Markets in Europe (AFME) has praised new framework for on-balance sheet securitizations in Europe, but warned that it may also make deals more costly and complicated.
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For many investors, the US election landed in the best possible place — a Joe Biden win with a split Congress, ensuring a strong pandemic plan, yet blocking radical change. But Biden’s leadership will reshape securitization markets through changes to critical regulatory agencies, setting the tone for the next four years in consumer credit, mortgages and green securitization. Jennifer Kang reports.
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After four years of the US government noisily refusing to protect humanity from climate change and pushing back on responsible investing, sustainable finance supporters are full of hope that Joe Biden’s presidency will shift the US — and the world — in the right direction. Jon Hay reports
