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
More articles
More articles
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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. -
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.
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The business model of Premier League football is rapidly changing, from a ticket receipt revenue driven business to one driven by sponsorship and TV rights, and by using the capital markets, football clubs can finance their operations in more sophisticated ways.
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Online small business lender Funding Circle announced the hires of Joanna Karger and Richard Stevenson as the US head of capital markets and chief compliance officer respectively, as the platform looks to broaden its investor base.
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The World Bank has issued an insurance linked securities (ILS) and derivatives offering to aid in the containment of worldwide pandemics, funding the organisation and enabling it to react quickly in the early stages of a major outbreak.
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Private label and co-branded credit card ABS could see a spike in charge-off rates amid store closures and mounting problems in the US retail industry.
