Latest news
Latest news
Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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Following release after his imprisonment for contempt of court, Rizwan Hussain has launched a new attack on legacy RMBS transactions managed by Bluestone Mortgages, purporting to have taken over as a director of the SPV and attempting to replace crucial transaction parties with his own entities. Whether he has authority to do so is not yet clear. -
Jefferies appointed Crescent Capital's former CLO head Melissa Weiler and Ellis Kirk Group's CEO Matrice Ellis Kirk to its board of directors, starting from July 1.
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ABS lawyers are asking issuers to resist taking advantage of a legal loophole left via a regulatory quirk, where a number of CLO and CMBS deals are technically exempt from switching data over to the securitization repositories approved by the European Securities and Markets Authority (ESMA) on Friday.
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Securitization is set to receive a sustainability makeover later in 2021 when the European Banking Authority finalises its mandate. Market participants are asking for better capital treatment to put ABS on a level with covered bonds, but others worry political influence could leave the market behind, writes Tom Brown.
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Deutsche Bank has hired Alex Danehy as head of US CLO syndication, according to a person with knowledge of the matter. Danehy joins from JP Morgan, where he was an executive director responsible for CLO origination.
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Rhode Island Employees' Retirement System has allocated $250m to Sycamore Tree and Neuberger Berman to invest in CLO equity and mezzanine tranches, following a new strategy that targets CLOs rather than real estate investment trusts (Reits) and master limited partnership (MLPs).
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European banks are rushing to finalise the first synthetic ABS transaction to achieve a ‘simple, transparent and standardised’ (STS) verification. The debut deal, which marks a turning point for the significant risk transfer market, has already been signed and is set to arrive in the coming months.
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The University Superannuation Scheme, one of the UK’s largest pension schemes, has hired BlackRock’s Janet Oram as head of asset-backed securities at its investment management arm.
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Matt Blake, director of treasury at Together Money, has left the specialist mortgage lender for a position as treasurer at Pepper Money.
