Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
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Bank of America Merrill Lynch analysts turned bearish on securitization markets this week, saying that the growing US-China trade war and a flatter US Treasury curve were strong reasons to start taking risk off the table. -
Pacific Gas and Electric Co, the Californian utility firm, is using a catastrophe bond to adapt to what it calls the "new normal" of increased wildfire risk. After its equipment was blamed for many of the state’s fires over the past year, PG&E is at the heart of a debate over who should shoulder the costs of rising natural catastrophe damage.
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True Sale International GmbH (TSI), founded in 2004 to expand the German securitization market, has appointed Jan-Peter Hülbert to steer the group forward with a focus on advancing STS regulation and third party certification, according to a press release on Thursday.
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London's finance sector and new technology could expand insurance-linked securities (ILS) outside their traditional domain and package up different risks into tradeable products, according to a Deloitte consultant.
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A €101m securitisation of auto leases to small and medium-sized enterprises this week marked a step in efforts to promote SME lending in Europe with the backing of European institutions such as the European Investment Bank (EIB) and the European Investment Fund (EIF).
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Credito Valtellinese S.p.A (Creval) is planning a €1.5bn securitization of performing mortgage loans and unsecured loans to small and medium-sized companies, with the aim of optimising the firm’s cost of funding and supporting SME lending growth.
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Brexit has been a slow-burning problem for the City of London, but burning it is. Financial markets are regulated. With worse access to Europe, the UK must make itself attractive to financial firms in other ways.
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European Commission amendments to the regulation governing eligibility towards the liquidity coverage ratio (LCR) has left the ABS industry disappointed, with the treatment for ‘simple, transparent and standardised’ (STS) instruments no better off and existing investments losing beneficial treatment. The move could have a chilling effect on banks’ willingness to increase participation in European securitization.
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The insurance industry may be well established in developed countries, but protection against disasters remains patchy. Helping the resilience of entities trying to bridge this gap is a way for socially responsible investors to show their worth.
