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Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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NIBC is keeping securitization in its future funding arsenal, but it is plotting a temperate role in the market.
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The trustee overseeing the disputed sale of GSC Partners’ $8 billion collateralized loan obligation platform asked the bankruptcy judge yesterday to reject a minority lender plan to install Sankaty Advisors in an oversight role on the CLO contracts.
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Fund managers are the biggest buyers of European asset-backed securities this year, but investment banks continue to play a major role in the investor pool, according to Barclays Capital research in London.
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The U.K. Independent Commission on Banking is said to be considering a minimum capital buffer for banks in addition to equity.
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Ireland’s Financial Regulator has ordered Bank of Ireland, Allied Irish Banks, Permanent TSB and Educational Building Society to book their expected losses, according to a government memo to the International Monetary Fund.
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Bret Ackerman, former head of residential mortgage-backed securities trading at StormHarbour Securities, has joined New York-based broker-dealer Odeon Capital Group as a senior v.p.
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Agency mortgage trader Perrin Arturi has left UBS for a new post at the Royal Bank of Scotland, where he is a managing director reporting to Brian Song, head of agency pass-through securities. Arturi started earlier this month and will focus on 15-year mortgage securities. He declined to comment on the move.
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An underlying loan in Deutsche Bank’s European commercial mortgage-backed deal, Cornerstone Titan 2007-1, has been placed into special servicing after the borrowers for the fourth consecutive time failed to pay required instalments.
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NIBC is keeping securitization in its future funding arsenal—even as it plots out a temperate role in the market.