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Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
More articles
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The long-awaited debut marketplace lending ABS in Europe was announced on Thursday, with Deutsche Bank arranging and leading SBOLT 2016-1, an SME ABS back by a £130m pool of loans originated by Funding Circle and bought by KLS Diversified Master Fund.
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Market participants have reacted positively to the creation of a new privately-backed fund in Italy, which will support the recapitalisation of struggling banks and reduce the country’s huge stock of bad loans. -
Fresh off the back of its German lease ABS, VCL 23, which priced last week, Volkswagen Financial Services chief financial officer Frank Fiedler announced that the lender was planning new ABS programmes in Italy and Korea.
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Belgium’s economic ministry mistakenly pitted itself against one of the main goals of Capital Markets Union — and possibly the fundamental EU law of free movement of capital — when it ruled recently that international securitizations may not purchase Belgian consumer credit receivables; a rule that GlobalCapital has learned is now under review.
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Belgium’s economic ministry pit itself against one of the main goals of Capital Markets Union — and possibly the fundamental EU law of free movement of capital — when it ruled recently that international securitizations may not purchase Belgian consumer credit receivables.
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Lloyds has decided to shrink its credit sales and trading business, with at least two salespeople and two traders at risk.
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Europe's banks are failing to use a capital subsidy for small and medium enterprise lending which was added into capital rules against the advice of the European Banking Authority.
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The Depository Trust & Clearing Corporation has teamed up with software company Digital Asset Holdings on a blockchain solution for clearing and settling repurchase agreements.
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Index provider Markit has teamed up with commercial mortgage backed securities data and pricing specialist Trepp to launch total return swaps (TRS) on a cash CMBS index. The initiative targets several gaps in the market, by boosting returns for CMBS investors, providing a hedging tool for originators and giving big corporate clients access to a market otherwise denied them by punitive US tax rules.
