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Latest news
Structured Finance Association CEO Michael Bright previews major industry event
PRA and FCA go much further than EU in loosening rules
Liberated issuers will still have to follow European regulations if they want to sell in EU
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Small business ABS lenders should reconsider bringing deals to market and expect to see disruption of cashflows to outstanding deals, with Covid-19 now declared a worldwide pandemic. -
Non-Standard Finance (NSF) has announced a six-year £200m securitization facility with Ares Management Corporation providing credit funds.
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LendingClub’s acquisition of Radius Bank last month is still going through a long process of regulatory approvals, but — given the green light from regulators —sources say the move could shift the narrative around fintechs and prove its potential to hesitant investors.
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Italy has announced a freeze on mortgage payments following the implementation of a nationwide lockdown to deal with the spread of the Covid-19 coronavirus, with RBS offering similar mortgage relief to those affected by the outbreak in the UK.
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The ABS market is scrambling to figure out how to make sense of widespread volatility that rocked equities on Monday, while adjusting to new routines as virus fears spur an unprecedented test of the industry's ability to work remotely.
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ABS issuers and syndicate bankers are seeing little drop in demand for new deals despite the wider shocks to equity markets driven by COVID-19 fears and a selloff in oil, with issuers pricing six deals last week to place €2.25bn of bonds with investors.
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BNP Paribas has hired Ankush Chowdhury as the head of transportation finance in the Americas, a newly created position focused on driving the bank's strategy for aircraft, shipping and other transportation asset classes.
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NEoT Offgrid Africa (NOA) has completed a microfinance securitization of sub-Saharan African solar trade receivables with arrangers with Société Générale and Credit Agricole to help fund renewable electricity across the Ivory Coast.
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Lead bank Morgan Stanley issued revised price thoughts for Gedesco Trade Receivables 2020-1 on Thursday, offering investors a wider spread on the bonds as conditions in the ABS market show signs of deteriorating.
