Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
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The Consumer Financial Protection Bureau is a source of frustration for many attendees at this year’s ABS East, with a Monday morning panel complaining about the consumer watchdog for heightening market uncertainty via vague guidance on rules and heavy handed enforcement, even as hopes for deregulation increase. -
The market for rooftop solar finance is growing as the sector matures and more investors grow comfortable with the asset class, but a negative outcome for an International Trade Commission case has the potential to throw a wrench in the works according to speakers at ABS East in Miami on Monday.
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Regulatory concerns are a perennial topic of discussion at securitization conferences, but at ABS East in Miami this week it’s different: with some analysts predicting CLO volumes could challenge the record breaking 2014 figures, it’s the potential rollback, rather than rollout, of regulation that is prompting discussions.
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Panelists at iGlobal Forum’s Specialty Finance Conference in New York predicted looser regulation and less oversight by the Consumer Finance Protection Bureau (CFPB) once the term of director Richard Cordray comes to an end.
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The European auto ABS market is speeding into autumn with two new deals hitting the pipeline in the same week that Santander Consumer priced its latest offering.
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Acting Comptroller of the Currency Keith Noreika told attendees at the Finovate Fall conference in New York that a special purpose banking charter for fintech companies is still being developed, but is confident that his replacement would take up the cause.
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Deutsche Bank's former head of Americas for global transaction banking and corporate trust sales has joined Alexandria Capital as a managing principal in alternatives and structured products.
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European primary ABS had an active second quarter, according to the latest figures from the Association for Financial Markets in Europe (AFME), with €71.6bn of ABS paper issued and €38.6bn placed with investors.
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Bank debt investors have stood ready to take on a barrage of deals in multiple currencies this week, and there is little sign that they have reached their limits.
