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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Nearwater Liquid Markets has set up a third ABCP conduit which will buy only US Treasuries, repoing them with Barclays, in a move that would help the UK-based bank manage its access to high quality collateral. The new vehicle joins existing structures Nearwater has set up with BNP Paribas and with JP Morgan. -
Equipment lender Balboa Capital is tapping the securitization market for the first time this year, riding the improving macro conditions and stable demand for equipment. However, sources say the small ticket sector is still performing poorly compared with other sectors of the equipment finance market.
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Consumer ABS performance is expected to slide as Congress negotiations for the next Coronavirus Aid, Relief, and Economic Security (CARES) Act remain in limbo. Sectors such as auto and credit card ABS may see more obligors previously shielded by government support falling into late stage delinquencies, sources said.
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The European Commission has bowed to lobbying by investors and delayed compelling them to follow the detailed requirements of the Sustainable Finance Disclosure Regulation — a complex reporting task that is ill-matched with another EU rule, the Taxonomy of Sustainable Economic Activities.
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LendingClub is retiring its retail notes platform at the end of 2020 as the company continues to walk the path of becoming the first fintech-turned-bank. This marks the end of an era for the online lender, which pioneered the peer to peer model in the earliest days of marketplace lending, sources say.
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The European Parliament’s proposals on the role of the securitization in fixing the European economy are set to nullify any benefit STS might grant to the synthetic market. With Europe’s economy at stake, the Parliament must decide whether ABS is a hindrance or a help.
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The European Commission is facing pushback from the European Parliament over it turning to synthetic securitization — a market that still echoes the 2008 crisis for many legislators — to boost the ABS market and repair Europe’s economy in the aftermath of Covid-19. Tom Brown reports.
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European ABS continues to tighten in the primary market, but in sterling, sources say Brexit risk is likely to deter the majority of public issuance.
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Point of sale lender Affirm is returning with its third securitization of the year, becoming a more frequent securitization issuer as it enjoys steady growth and more attention from investors.
