Latest Securitization People & Markets news
The European Central Bank said this week it wants banks to provision for legacy non-performing loans in the same way as for new NPL inflows. But, in a major boost for Europe's weakest banks, it is prepared to give heavily burdened banks more time to raise provisions.
The executive director of the Structured Finance Industry Group (SFIG), the US securitization industry’s advocacy and lobbying organisation, has departed. His exit comes as SFIG members say they had grown weary of the issues around management and executive pay that also sunk the group’s predecessor organisation, the American Securitization Forum (ASF).
Euro private placement (Euro PP) transactions can be structured as loans or as bonds, depending on the preferences of both parties. But some smaller investors have withdrawn from the bond format, concerned that it brings them into the scope of MiFID II and of MAR, though market participants are hatching plans to bring them back.
THL Credit has acquired the CLO unit of Chicago-based loan manager Kramer Van Kirk Credit Strategies.
Barclays is preparing to go toe-to-toe with the market leading US firms with its revived asset finance operation in EMEA — and it is adding commercial real estate capabilities as well. It has backed the effort with senior hires, and serious balance sheet but is it late to the party?
Natixis Investment Managers has bought MV Credit, the private debt investment firm, from the partners of the firm.
Small and middle market focused lender Kartesia has hired Sharif Anbar-Colas as portfolio manager to focus on CLO investments.
European-regulated banks might see a boost to their business from an obscure tweak to securitization rules, rolled out in a European Banking Authority paper published on Tuesday. The proposals could see them better able to compete with US firms in the increasingly lucrative business of portfolio financing through securitization.
BlueBay has hired Sid Chhabra as head of structured credit and CLOs in London, and plans to establish a new range of global structured credit and ABS strategies.
China Reinsurance (Group) Corp’s chairman recently held talks with the Singapore deputy prime minister about catastrophe bonds. The conversation’s timing is bound to raise eyebrows, given the reinsurer’s outstanding cat bond is due next month.
As demand for investments with good environmental, social and governance credentials rises, are non-performing loans the ultimate social asset class — or toxic waste that ESG investors should disdain?
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||6,103||21||10.73|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||60,472.76||166||9.92%|
|3||Wells Fargo Securities||48,082.68||138||7.89%|