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
◆ Data centres: crunch time for Europe's capital markets ◆ How AI is changing capital markets work... ◆ ... and hiring
More articles
More articles
-
As the late stages of the economic cycle drag on and uncertainty around the next recession grows, investors are turning to securitization as a shield against headwinds from other parts of the market, loading up on ABS to insulate portfolios from gyrations in corporate credit -
Fitch Ratings this week issued an unsolicited commentary on the whole business securitization market, a sector that has grown rapidly and which the agency sees as luring investors with “overstated benefits” despite investment grade ratings.
-
A third instalment of the UK Department for Education’s current programme of student loan securitizations has stalled, a casualty of a tight general election and volatile politics. Concerns about whether securitization gives government good value for money are a potential obstacle, while investors will have to weigh up an instrument highly geared to the fate of the UK economy. Owen Sanderson and Tom Brown report.
-
The UK's Financial Conduct Authority has published new requirements for marketplace lending platforms which Moody’s said will strengthen the peer-to-peer (P2P) lending environment.
-
Eurozone banks have ramped up repayments for the second series of Targeted Longer Term Refinancing Operations (TLTRO II) this month, but engagement with the latest iteration of the European Central Bank’s cheap funding programme was weaker than expected.
-
M&G has mandated Deutsche Bank as sole arranger for a peer-to-peer (P2P) transaction backed by loans originated from Zopa, a UK fintech which received a funding injection of £140m the same day its provisional banking license was set to expire.
-
Ed Panek, former head of ABS investment at Janus Henderson Investors, has retired after 12 years with the firm.
-
Specialist trade financing company Stenn has doubled the size of its securitization facility, Stenn Assets Funding, adding non-credit insured mezzanine tranches financed by M&G and boosting the size of the senior tranches in the shelf.
-
The resumption of European Central Bank purchases in the ABS market has helped some of the largest banks in Europe to issue dual purpose securitizations, locking in cheap funding from the senior tranche and selling down the structure to achieve risk transfer. ABS buying is now forming a greater part of the central bank’s asset purchases than during previous easing rounds.
