Latest Securitization People & Markets news
Prime Collateralised Securities (PCS) announced on Tuesday that it has officially been granted authorisation by the UK Financial Conduct Authority (FCA) to verify securitizations for the ‘simple, transparent, and standardised’ (STS) framework, days before the first STS deal went live.
Nomura strengthens special situations team — JP Morgan’s Orssten retires — Gamekeeper goes back to being poacher at Rand
The Italian government is to implement a two-year programme which will replace the Garanzia sulla Cartolarizzazione delle Sofferenze (GACS) scheme in order to help the banks shift their €200bn stock of non-performing loans (NPLs) off balance sheet. In a surprise, however, the new version of the scheme will not include language to incorporate unlikely-to-pay (UTP) loans.
Nomura has hired three bankers to work in its structured finance and special situations team.
Peter Gleysteen, founder of CLO manager CIFC, announced on Monday the launch of AGL Credit Management in partnership with Thomas H. Lee, one of the pioneers of the US leveraged buyout market in the 1980s.
Deutsche Bank has signalled its commitment to maintaining a “strong capital markets business” after admitting it has begun formal merger talks with smaller rival Commerzbank.
BofA names new pair to lead UK IB — UniCredit MTN banker joins SSA syndicate — Bank of America loses two traders in London — Allen & Overy names new structured finance partner
Both the nature and timing of the European Union’s planned Taxonomy of Sustainable Economic Activities are in doubt. Conservative members of the European Parliament this week voted down an ambitious draft of the bill, and some nation states appear reluctant to push the Taxonomy bill through to the statute book before the European elections in May, writes Jon Hay.
Several CLO issuers in the US and Europe have come to depend on Japanese investors to anchor triple-A tranches, but observers say Japan’s banks may no longer be able to soak up foreign paper if a bubbling banking crisis forces banks to clean up their act at home.
Allen & Overy has appointed Nick Robinson, formerly special counsel at Milbank LLP, as partner in the law firm’s securitization and structured finance practice.
Capital market specialists are good at living with radical uncertainty. Just as banks and investors carried on calmly trading US Treasuries through successive debt ceiling crises, they are now displaying similar sangfroid about Brexit.
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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Bank of America Merrill Lynch||17,976.22||56||9.49%|
|4||Wells Fargo Securities||16,568.24||48||8.75%|