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 introduction of a national banking charter for financial technology companies by the Office of the Comptroller of the Currency (OCC) at the end of last year will not be a big disruptor of the bank partnership model in 2017, said industry sources this week. -
FIG issuers had a tough time navigating the primary markets in 2016, which was speckled with periods of intense volatility.
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The arrival of the Bank of England’s Term Funding Scheme sparked fears that it would be the death of the UK mortgage-backed securities market. But while some bank issuers may scale back public bond plans in 2017, a sharp rally in spreads has brought new sellers into play, changing the nature of the market. David Bell reports.
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The renewable energy ABS sector had a year of sharp growth in 2016. Property Assessed Clean Energy (PACE) ABS was a strong source of bonds backed by green assets. Market players hope for a similarly successful 2017, but industry fragmentation and a new US administration may hinder growth. Sasha Padbidri reports.
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Esoteric ABS was a focus for investors hunting for yield in 2016. The market for these assets blossomed, as issuers were lured by attractive relative value in comparison to other sources of financing. But rising interest rates, the potential for trade wars under a new US president and fits of capital markets volatility top the list of concerns for market players this year. Max Adams reports.
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As European marketplace lending grows and matures, the sector is becoming increasingly embedded in the financial systems that it once looked to disrupt. David Bell reports.
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JP Morgan and Mediobanca have closed the book for Banca Monte dei Paschi di Siena’s €5bn equity capital raising. Results are not out yet, but it is widely expected to have gathered very little demand. The government is understood to be poised to bail out MPS, with €20bn of firepower at its disposal, but the details of how and when this would be done are not yet clear.
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Alpha Bank has placed a Greek SME CLO with Citi, the European Investment Bank, and the European Bank for Reconstruction and Development.
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The European Investment Fund (EIF) said on Wednesday that it signed a securitization guarantee deal with RBS, giving the UK lender capital relief on a £432m portfolio of healthcare loans.
