Latest news
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
More articles
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Concerns are being raised over small, for profit and state-based student loan servicers’ ability to maintain the U.S. Federal Family Education Loan Program guarantee on their originated loans as servicing standards decline, according to a New York-based consumer ABS investor at a major insurance firm.
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Trustees administering residential mortgage securities could demand changes to securitization documentation if investigations from the New York and Delaware state’s attorneys-general lead to litigation, according to market participants.
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Market supervisors must ensure that banks value their assets more prudently in the post-crisis securitization market, Thomas Huertas, alternate chair of the European Banking Authority and executive committee member at the Financial Services Authority, said in a keynote speech on Tuesday afternoon. -
Future Capital Partners has appointed Robert Jolliffe to a senior investment advisory position in its structured debt and asset management group.
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Europe’s asset-backed securities market continues to offer attractive yields for investors, but still faces liquidity concerns and major regulatory hurdles, according to Dominic Swan, global head of fixed-income at HSBC and senior adviser to HSBC CIO.
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Keynote speaker Elemér Terták, principal advisor, financial institutions, DG Internal Market & Services at the European Commission, offered Global ABS 2011 attendees little new insight into the thinking of regulators, instead vowing to deny the European securitization market a repeat of mistakes made in the past.
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Antonio Horta-Osorio, the new ceo of Lloyds Banking Group, is expected to slash another 15,000 jobs in a strategic review to be announced at the end of June, bringing the total of lost positions since its merger with HBOS to more than 43,000.
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CapitaLand is refinancing a SGD866 million ($701 million) legacy commercial mortgage-backed securitization on a landmark Singapore property and will reach out to European ABS investors with the new bonds, according to officials familiar with the deal.
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Europe’s bids-wanted-in-competition shot up to €3 billion (4.35 billion) in asset-backed securities last month, more than double the amount on offer in previous months, according to analysts at the Royal Bank of Scotland.
