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Securitization People and Markets

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  • Kevin Alexander has been tapped to run the global structured credit and conduit business at Natixis CIB Americas
  • Danish banks may be able to use more of their mortgage-backed covered-debt holdings toward their liquidity requirements after the Basel Committee on Banking Supervision agreed to reconsider its liquidity rules.
  • Michel Barnier, the European Union’s commissioner for internal market and services, says the U.K. will still be able to ring-fence retail banks and impose additional capital requirements, even as the E.U. works to harmonize capital regulations among Member States.
  • Credit Suisse has appointed Hamish Peacocke as a structurer of covered bonds, effective in October.
  • Agency residential mortgage-backed securities trader Pratyoosh Pratyoosh has left Nomura Securities.
  • Ratings performance of U.S. consumer asset-backed securities would likely be little affected by a double-dip recession, according to Fitch Ratings.
  • Wells Fargo, Deutsche Bank and Barclays Capital are offering a total of $1 billion in commercial mortgage-backed securities linked to The Blackstone Group’s $9.4 billion takeover of U.S. shopping centers from Australia’s Centro Properties Group.
  • The Federal Reserve is expected to propose rules for systemically important financial institutions “later this summer,” according to Ben Bernanke, the Fed chairman.
  • Guggenheim Securities has arranged a collateralized loan obligation-like bond backed largely by loans to young medical, biotech and pharmaceutical companies.