Latest Securitization People & Markets news

• First STS deal prices after PCS granted authorisation

  

  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.

  • 22 Mar 2019

• People moves in brief

  Nomura strengthens special situations team — JP Morgan’s Orssten retires — Gamekeeper goes back to being poacher at Rand

  • 21 Mar 2019

• Italy to renew GACS for two years without UTP clause

  

  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.

  • 20 Mar 2019

• Nomura takes complex debt bankers from Deutsche

  

  Nomura has hired three bankers to work in its structured finance and special situations team.

  • 19 Mar 2019

• CIFC exec founds new CLO platform with PE titan

  

  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.

  • 18 Mar 2019

• Deutsche’s misfiring CIB a crucial factor in Commerz merger plans

  

  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.

  • 18 Mar 2019

• People Moves in Brief - March 15, 2019

  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

  • 14 Mar 2019

• Taxonomy law in doubt as countries drag feet, conservatives weaken text

  

  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.

  • 14 Mar 2019

• Downturn in Japanese banking sector poses risks to CLO bid

  

  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.

  • 13 Mar 2019

• Allen & Overy names new structured finance partner

  

  Allen & Overy has appointed Nick Robinson, formerly special counsel at Milbank LLP, as partner in the law firm’s securitization and structured finance practice.

  • 12 Mar 2019

Securitization people & markets news archive