Latest news
Latest news
Buy now, pay later provider finds two big new investors
Deal comes after a silent fortnight for euro public ABS
Specialist lender returns after 2024 debut
More articles
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For many investors, the US election landed in the best possible place — a Joe Biden win with a split Congress, ensuring a strong pandemic plan, yet blocking radical change. But Biden’s leadership will reshape securitization markets through changes to critical regulatory agencies, setting the tone for the next four years in consumer credit, mortgages and green securitization. Jennifer Kang reports. -
After four years of the US government noisily refusing to protect humanity from climate change and pushing back on responsible investing, sustainable finance supporters are full of hope that Joe Biden’s presidency will shift the US — and the world — in the right direction. Jon Hay reports
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UniCredit has structured the first non-performing real estate lease securitization in Italy, disposing of part of its leasing business in order to navigate complex legal challenges around managing repossessed properties.
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The EIB and EIF have guaranteed a synthetic securitization issued by Luminor Bank to support SMEs and mid-caps in the Baltic States.
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The European Commission’s plans to tackle the mountain of non-performing loans that are expected next year as government support schemes roll off have been criticised as unambitious. They have been dismissed as containing little beyond a review of proposals that have already been unveiled.
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The significant risk transfer market is usually at its busiest in December, as issuers hope to gain balance sheet benefits by year-end. But 2020 has seen a pullback from investors who have blamed a lack of credit data brought about by Covid-19 payment moratoria.
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A G30 committee led by Mario Draghi and Raghuram Rajan has outlined proposals for governments looking to deal with the surging corporate distress caused by the pandemic. The paper, published on Monday, recommends better restructuring laws, equity infusions, business interruption reinsurance and targeted credit for the most vulnerable companies.
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When the Brexit transition period ends on December 31, ABS deals listed on EU stock exchanges will become private deals for UK investors, and vice versa for UK deals. The change could ease the regulatory burden for some investors active in the market.
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The European Parliament and Council have agreed rules that will set the stage for securitization to play a role in helping European banks dig their way out of an impending surge in defaulted loans. The Parliament has added sustainability criteria to the final amendments.
