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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The African Development Bank is set to announce on Monday afternoon the other risk transfer transaction it has been working on, in parallel with the ground-breaking $1bn securitization it closed in September. Like that, this portfolio credit insurance transaction could serve as a model for other supranationals.
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The African Development Bank’s $500m portfolio credit insurance deal, to be announced on Monday October 22, is one of the first of its kind, but is very likely to be followed by further such transactions, as experience in this area grows and other development finance institutions explore the potential benefits.
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The UK's Prudential Regulation Authority will soon begin supervising banks and insurance companies on their approach to the physical and transition risks of climate change.
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Volkswagen's long standing head of ABS structuring, Stefan Rolf, is set to leave the company by the end of the year. An internal candidate is likely to take over, writes Asad Ali.
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A business development company that specializes in making loans to venture capital backed life sciences and technology companies is in the market this week with a $200m securitization.
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Volkswagen Bank’s VCL 27 auto lease ABS deal garnered enough investor demand this week to allow VW to upsize the deal and bank roughly €200m of extra funding.
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Fitch Ratings said on Monday that it expects to issue unsolicited ratings more frequently on deals it has not been mandated to rate, as the agency looks to respond to more widespread late-cycle lending behaviour in securitization markets.
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Following on from PSA Bank’s well received car loan securitization, which was priced inside price talk on Wednesday, pricing for Ford’s GlobalDrive Auto Receivables 2018-A on Thursday points to rosier investor sentiment towards euro ABS deals in the near term, reversing the lacklustre demand just before summer.
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Catastrophe bonds and the emerging markets fit well together, with perils in China and Southeast Asia particularly well placed to be covered. Can the insurance-linked securities market take off?