Latest news
Latest news
Structured Finance Association CEO Michael Bright previews major industry event
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
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A European green bond standard and a classification system for sustainable assets were two of the suggestions issued on Thursday by a group of experts advising the European Union on how to make the financial system sustainable — one of the commitments in the Paris Agreement, writes Jon Hay.
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Prolonged low interest rates and more mature whole business and container industries have drawn investors to play in the growing world of ‘non-traditional’ ABS, with demand for esoteric asset classes expected to stay strong in the second half of the year.
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The Consumer Financial Protection Bureau (CFPB) has passed a rule on Monday to eliminate arbitration clauses, which stop consumers bringing class action lawsuits, in a move which could hurt the US securitization market and cause more legal trouble for the big banks. But Republicans have dug in and vowed to fight the rule.
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Barclays has hired two vice presidents in London as part of an effort to refresh its European ABS sales and trading group.
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BMW’s latest auto lease deal featured a unique currency swap mechanism to allow the issuer to issue a euro denominated ABS deal backed by leases in Swiss francs.
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Online lender SoFi is on track to sell its eighth ABS of the year this month.
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BMW sold the latest European auto ABS transaction on Wednesday, with demand driving pricing tighter than initial talk.
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RNHB Hypotheekbank has mandated HSBC and ABN Amro to arrange its first RMBS offering of the year.
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Online consumer lender Prosper is preparing to issue its second multi-seller securitization from its PMIT shelf this summer, following its return to the ABS market earlier this year.