Latest news
Latest news
Participants hope new structure could bring more foreign and domestic buyers to US RMBS
Agency gives market a month to respond to its first proposed changes its 2012 framework was following the 2008 crisis
Lender will consider a bridging RMBS once it reaches a suitable scale
More articles
More articles
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The European Parliament has passed amendments to the STS Regulation and changes to the Capital Requirement Regulation (CRR) after a tax dispute almost shut Australian investors out of European ABS. -
Specialist debt servicer Banca Ifis has pioneered a new securitization structure that will allow more investors to buy defaulted loans, offering some relief for European economies facing a rise in non-performing loans as the bloc recovers from Covid-19.
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Aegon is bringing its first public RMBS since 2018, offering a single triple-A tranche to investors with a discount feature as an additional incentive to call the transaction before 2027. ABN Amro is arranging the deal.
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The European securitization market is seeing a faster pace of ESG deals but it needs to find more ESG-friendly assets before it can expect much more issuance. Peter Winning, portfolio manager and analyst in BlackRock's EMEA ABS team, spoke with GlobalCapital to outline how the world’s largest asset manager invests in ESG securitizations.
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Yorkshire Building Society has set the stage for “social” securitizations with the first prime UK residential mortgage-backed security to carry this label. The deal has a dollar tranche to entice US accounts in preparation for the end of the Bank of England’s funding schemes.
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Goldman Sachs has been offering UK specialist lenders terms for mortgage warehouses, in a radical shift in securitized products strategy for the US investment bank, which has concentrated most of its recent primary markets efforts on principal deals. The move puts it into competition with commercial banks with bigger balance sheets and cheaper capital, but could send waves through the sector.
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STS templates needed for issuers to certify their deals have been a helpful preparation for RMBS issuers looking to certify an ‘environmental, social and corporate governance’ (ESG) transaction, an unintended benefit of regulation originally considered burdensome by many in the market.
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Piraeus Bank will undertake a €1bn equity raise to help it fund the shrinking of its non-performing exposure (NPE) book through securitization.
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Yorkshire Building Society is bringing its debut environmental, social, and governance securitization, which will be the second “social” RMBS offered in Europe, and the first to be backed by vanilla prime collateral.
