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
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The ABS market in Europe is booming, with deals across asset classes pricing at the tightest levels since the crisis. Rampant demand and record tight spreads, however, do not reflect the wider macroeconomic picture in Europe, and investors and issuers say they are growing concerned that ABS pricing has become detached from reality, writes Sam Kerr. -
Cadwalader Wickersham & Taft has hired a former associate general counsel at Goldman Sachs for its securitization practice in Washington, DC.
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Senator Bill Nelson (D-Florida) has proposed legislation to cap undergraduate federal student loan interest rates at 4%, following a slew of federal student loan rate hikes that kicked in last week.
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ABS deals not eligible for purchase by the European Central Bank will test the ability of the market to function without central bank participation, a potentially significant development given recent comments from ECB officials.
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The European Commission approved Banca Monte dei Paschi di Siena’s (MPS) request for a ‘precautionary recapitalisation’ this week, throwing the Italian banking sector back into the limelight in an otherwise quiet week for the financial institutions bond market.
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Barclays has poached a senior fixed income capital markets banker from Morgan Stanley as it reinvests funds into its corporate and investment bank.
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The Basel Committee was a wonderful idea when was first convened. But with bank liquidity measures becoming more difficult to codify and different jurisdictions going their own way on a number of issues, the idea behind a united global banking standard might soon become irrelevant.
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European ABS spreads are grinding ever tighter across asset classes as issuers ride a wave of demand into the summer.
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The Basel Committee on Banking Supervision has criticised the European Union’s recognition of non-RMBS securitizations as being eligible for treatment as high quality liquid assets (HQLA), as a deviation from the Basel framework.
