Latest news
Latest news
Key points of contention include the investor sanctions regime and the definition of 'resilience'
Magnetar and Chorus Capital lose experienced pros
Vida Bank is also building up its funding team
More articles
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WestLB has named Matthias Renner, its current head of securitization, to replace Volker Bruehl as head of corporate finance at the German bank.
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Spelling out the positive benefits for end-users is the most effective way for the securitization industry to get its message across to European lawmakers and regulators, Vicky Ford, member of the European parliament and a Conservative party spokeswoman on economic and monetary affairs, said in her keynote address to the Global ABS conference this morning.
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Concerns are being raised over small, for profit and state-based student loan servicers’ ability to maintain the U.S. Federal Family Education Loan Program guarantee on their originated loans as servicing standards decline, according to a New York-based consumer ABS investor at a major insurance firm.
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Trustees administering residential mortgage securities could demand changes to securitization documentation if investigations from the New York and Delaware state’s attorneys-general lead to litigation, according to market participants.
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Market supervisors must ensure that banks value their assets more prudently in the post-crisis securitization market, Thomas Huertas, alternate chair of the European Banking Authority and executive committee member at the Financial Services Authority, said in a keynote speech on Tuesday afternoon. -
Future Capital Partners has appointed Robert Jolliffe to a senior investment advisory position in its structured debt and asset management group.
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Europe’s asset-backed securities market continues to offer attractive yields for investors, but still faces liquidity concerns and major regulatory hurdles, according to Dominic Swan, global head of fixed-income at HSBC and senior adviser to HSBC CIO.
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Keynote speaker Elemér Terták, principal advisor, financial institutions, DG Internal Market & Services at the European Commission, offered Global ABS 2011 attendees little new insight into the thinking of regulators, instead vowing to deny the European securitization market a repeat of mistakes made in the past.
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Antonio Horta-Osorio, the new ceo of Lloyds Banking Group, is expected to slash another 15,000 jobs in a strategic review to be announced at the end of June, bringing the total of lost positions since its merger with HBOS to more than 43,000.
