Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Two lenders entering administration should signal to others: simplify the industry
News could lead bank funding to dry up, after strong run of demand in private market
More articles
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Banco Santander has structured a €1bn Spanish consumer loan ABS deal for capital relief purposes, and is also selling the full capital stack in a new UK auto loan deal, as analysts predict risk transfer deals will become more attractive under tweaks to 'Basel IV' rules. -
Platform consolidation and diversification of funds were the dominant themes at IMN’s second annual Investors' Conference on Marketplace Lending in New York on Thursday, as the industry adapts to changes in both the macroeconomic and regulatory environments.
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Markets are obsessing about the Italian referendum on Sunday. Commentators are cramming everyone’s inboxes with warnings about how a 'no' vote on premier Matteo Renzi’s attempt to streamline Italy’s Senate could precipitate a fresh eurozone crisis and imperil Italy’s creaking banks.
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Industry players speaking at the IMN Investors' Conference on Marketplace Lending in New York on Thursday noted that marketplace lenders need to understand the importance of both diversifying sources of funding, and the cyclical nature of the capital markets.
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Antonio Weiss, counsellor to the secretary of the US Treasury Department, told marketplace lending participants in a Thursday conference keynote speech that highlighting regulatory gaps in borrower protection and issues around underwriting data were areas of focus for regulators.
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A deal backed by near-prime Lending Club loans issued by Jefferies will be a test for the state of the marketplace lending industry after a wave of reported losses on some outstanding deals.
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With total lending to UK households growing at its fastest pace since the global financial crisis, and house price appreciation continuing to outstrip household income growth, the Bank of England has urged mortgage lenders to maintain prudent underwriting standards.
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Investors may be welcoming the final deals of 2016 this week, amid a precarious situation in Italy and a difficult result for Royal Bank of Scotland in the Bank of England’s stress tests.
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Huntington National Bank priced its sole prime auto deal of 2016, the latest in a slew of auto ABS offerings to feature a higher amount of loans with longer terms, a trend the market views as a risk to the sector.
