This week Tom Hall was lucky enough to be joined by Andy South, head of structured finance research for EMEA at S&P Global Ratings.
They get into all the biggest trends to look out for in the European securitization market — whether annual issuance is set to beat expectations, whether concerns over warehouse funding drying up are justified after the fall of UK bridging lender Market Financial Solutions, areas for growth in digital infrastructure securitization and the rising use of securitization technology for fund finance.
This episode also features the usual trio getting into the biggest news in securitization over the last week, as well as the end of an era.
Alas, AFM has become a real life Ship of Theseus as George Smith, the last of the original cast, announces his departure.
Luckily the podcast will return to full strength with three members, with George passing the torch to Sarah Ainsworth, GlobalCapital's new securitization editor.
Tom Hall explains why Italian ABS is set to get more competitive with its European counterparts, and gives further details on how the rise of triple-A ratings for Italian ABS is going to impact the European market on GlobalCapital’s main podcast.
Thomas Hopkins also looks at why CLO issuance is set to be frantic over September, despite a very depressed arbitrage.
His predictions about the first European hybrid CLO backed by broadly syndicated loans and private credit collateral have already come true.