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
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With new regulatory frameworks in place for securitization in Europe comes another bout of uncertainty for the trajectory of the market. The stunted issuance pipeline in the first half of this year and the delay of the regulatory technical standards (RTS) for STS securitization have driven a jump in attendance at this year’s Global ABS conference, drawing 4,100 registrations ahead of the event.
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The Securitisation Regulation came into force in January but there is still room for market participants to influence the details of the rules – and the European Commission is still receptive to feedback, if only the industry will “raise its voice”, said Alexandre Linden of BNP Paribas.
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Angelo, Gordon & Co has hired former Pimco portfolio manager Sunil Kothari as managing director, responsible for originating and executing on residential and consumer debt investments across Europe.
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The European Central Bank will price the third instalment of its Targeted Longer-Term Refinancing Operations (TLTRO III) more harshly than expected, it revealed on Thursday. This should keep most banks using market funding. Meanwhile, expectations are rising of another round of quantitative easing, something that would boost prices of bank debt, write Tom Brown, Jasper Cox, David Freitas and Bill Thornhill. -
Demand for Sonia-linked ABS issuance has jumped following a rapid switch-over last week, which saw the majority of the European securitization market move onto the new benchmark ahead of the replacement of Libor in 2021.
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Goldman Sachs announced on Friday that it is arranging a £282.8m CMBS named Cold Finance, a refinancing of a single loan to warehouse specialist Lineage Logistics. The deal has five rated tranches including a triple-A rated senior tranche.
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Prime Collateralised Securities has hired Martina Spaeth as a senior analyst working on the verification of securization deals to qualify for the 'simple, transparent and standardised’ (STS) label.
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A key regulatory technical standard (RTS) draft for homogeneity requirements in European securitizations has been finalised, in a move that shows work on the 'simple, transparent and standardised' (STS) framework is progressing, though not at a quick enough pace to entice more investors to market.
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Peru could receive a payout from its World Bank-issued catastrophe bond after an earthquake hit the country’s Amazon region on Sunday morning. Investors are expecting a 30% loss to principal, but this will not be confirmed for several weeks.
