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
More articles
More articles
-
The calculation agent for a catastrophe bond issued by Peru and the World Bank has determined that the South American country will receive $60m from the notes after an earthquake struck last month, according to a source close to the deal. -
A deal priced by residential solar finance company Sunnova on Wednesday and another waiting in the wings from Dividend Finance injected a shot of life into the solar securitization sector this week, pushing year to date volume in the asset class over $1bn.
-
CaixaBank is planning to issue a self-arranged €1.83bn securitization of small and medium sized enterprise ABS notes, made up of lease receivables.
-
Six months into its inception, the ‘simple, transparent and standardised’ (STS) securitization framework seems to be doing its job. It has successfully established a market set to inherit the majority of ABS issuance, with issuers noting a raft of new investors operating in the sector. But have those buyers made a wrong assumption about how the ECB views STS deals?
-
European securitization investors this week are pricing longer duration deals tighter than earlier in the year, made comfortable by the ‘simple, transparent and standardised’ (STS) label. This is being demonstrated on Tuesday by Argenta Spaarbank's Green Apple RMBS deal.
-
The securitization market is in a good position from both the perspective of credit quality and structure as the credit cycle heads into late innings, an industry panel heard on Wednesday, but there were fears over the possibility of a sudden liquidity crisis when the market turns.
-
The European Securities and Markets Authorities’ (Esma) executive director Verena Ross this week said that implementation of the Securitisation Regulation will be difficult, given uncertainties and the lack of a transition period for the regulation, which came into effect at the start of the year. But she urged all market participants to be prepared.
-
The Association for Financial Markets in Europe (Afme) is preparing a response to the UK Financial Conduct Authority’s mortgage market consultation, to try to ensure that rules intended to help ‘mortgage prisoners’ do not hurt the broader UK securitization market.
-
European securitization investors are increasingly on the hunt for more esoteric cash flows, but a lack of supply means that buyers are going to need to get creative with how they source allocations, said speakers on a panel on day one of Global ABS.
