Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
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Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.
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Diamond Communications priced a cell tower securitization on Tuesday afternoon, to finance a portion of its $1.6bn acquisition of Melody Wireless. -
Last week, Toyota revealed it was tapping the ABS market with a new deal backed by loans and leases for vehicles that meet its green bond framework. More specifically, the proceeds of the transaction goes towards funding new loans and leases for green vehicles.
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GoodLeap last week, formerly called Loanpal until last week, is issuing the first ever ABS deal backed by a portfolio which includes home efficiency loans, according to a pre-sale report issued on Friday.
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On Monday, Deutsche Leasing, a subsidiary of the local government-backed Savings Bank Finance Group, brought a new equipment securitization transaction to market.
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The UK is reforming its treatment of special purpose vehicles in an attempt to make itself appear more business-friendly. However, in its attempts to open up the asset class, regulators could inadvertently tie up the market in red tape, as shown by its recent consultation over the possibility of including shares in ABS collateral.
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A likely repeal of the Office of the Comptroller of Currency's 'true lender' rule reopens the gates of regulatory uncertainty for marketplace lenders. However, the industry is still confident lenders will be able to manage the risks of states challenging their bank origination model, considering the short period in which the rule has been in place.
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After a three-year break from the market, Credit Suisse and American Express-backed Swisscard AECS was back in the ABS market on Thursday with Swiss Credit Card Issuance 2021-1.
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The securitization pipeline is filling up with a series of auto ABS deals, starting with AmeriCredit which is preparing a subprime loan deal for the second time this year and investors are keen to gorge on new deals.
