Although Europe appears ever closer to regulatory reform, staunch opponents of securitization remain in the continent, and as political winds blow unpredictably, there is still an uncertain road ahead, reports George Smith
With asset performance stabilising and investors growing more comfortable with non-traditional assets, expectations are positive for UK RMBS after the asset class easily weathered the April market storm, writes Tom Hall
Supporters of insurers providing credit protection to banks through SRT say it offers diversity to insurance companies, removes risk from the banking sector and frees up capital for more lending. But though deal volumes are growing, the sector is not as developed as it could be — largely because of obstacles in regulation and pricing, writes George Smith
Investment firm’s head of European liquid credit tells George Smith he is cautiously optimistic and that Europe should deal better with tariff disruption than the US, while the manager will remain an active issuer of CLOs
There are growing signs of a global reluctance to embrace environmental, social and governance (ESG) principles, with talk of greenhushing emerging in many pockets of the bond market. Yet, Japan’s top regulatory bodies and issuers are eager to embrace ESG and, in particular, to continue growing their transition bond market, seeing its potential for ushering in change and reaching net-zero commitments.
Japan’s sovereign, supranational and agency borrowers are among the most well regarded and highly rated in the international debt markets. Yet they are not immune to the volatility caused by the new US administration under president Donald Trump or the pressure from contrasting monetary policies implemented by different central banks. Timing deals well, being nimble and having diverse sources of funding are all expected to be critical in the year ahead.
