Latest news
Latest news
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
Citi prepares consumer ABS from Abound forward flow
More articles
More articles
-
Covéa Mutual Insurance Group has issued its debut catastrophe bond, a four year €90m deal to protect its French subsidiaries against losses from European windstorms. -
Fitch Ratings said in a webinar this week that given the shift to “smaller, weaker lessees” from emerging market countries in aircraft ABS portfolios, the rating agency will be applying more conservative stresses to aircraft securitizations “where appropriate”.
-
BNP Paribas’s Polish subsidiary, Bank BGŻ BNP Paribas, has closed a Z341m (€81m) securitization of loans to Polish small and medium sized enterprises, with the European Investment Bank buying the mezzanine tranche.
-
Brian Ford, head of structured finance research at Kroll Bond Rating Agency, told GlobalCapital this week that the strong risk on investor sentiment seen this year will carry into 2018, but added that autos and non-agency MBS volumes could decline from 2017 levels.
-
As GlobalCapital foreshadowed last week, HSBC has made changes to its EMEA debt capital markets syndicate desk, run by Adam Bothamley.
-
Interest in marketplace loan ABS from investors picked up in 2017, but some are now saying they could sit things out in 2018 as credit concerns grow and a lack of data presents problems in the late stages of the credit cycle.
-
A third of interest-only borrowers in non-conforming UK RMBS failed to pay down their principle at maturity, according to S&P Global Ratings.
-
Joel Eckhause, the former head of direct and residential lending at Bank of the West in San Francisco, has joined residential and commercial Property Assessed Clean Energy (PACE) provider Renew Financial as its chief operating officer.
-
The European Banking Authority (EBA) has published a template that banks can use to document non-performing loans as part of its action plan to tackle the problem in Europe. However, sources say that Southern European banks will need more than just a market standard.
