Latest news
Latest news
New York banker to lead BBVA's ABS push in US
Hoehl worked on Santander's desk for 15 years
ABS structurer joins from Cantor Fitzgerald
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It’s been almost a year since a Dutch tax ruling sent CLO managers scurrying to Ireland to avoid a VAT charge. But with the changes coming into action in 2021, some CLO managers are leaving their vehicles in the Netherlands and taking their chances on a ruling from the supreme court. -
A blue Senate is posing a new threat to the ABS market, as regulators and lawmakers are set to turn their focus to consumer protection. Sherrod Brown, a critic of big banks and a loud consumer rights advocate, is now favourite to chair the Senate Committee on Banking, Housing and Urban Affairs, which could lead to a stream of headline risks for lenders.
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Onex Credit Partners has appointed Conor Daly to head its European CLO franchise, building out its capacity to tap into the European securitization market in 2021.
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STS third-party verifier Prime Collateralised Securities (PCS) has hired Harry Noutsos as a managing director in market outreach.
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Loynes extends syndicate responsibilities at Crédit Agricole — CS's equity sales head to join Citi — Flori starts at CEB funding team
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Juan-Carlos Martorell, who jointly ran the risk transfer and structured solutions group at Mizuho, and before that, Lazard, has joined Munich Re Markets to work on origination, structuring and risk distribution, according to LinkedIn.
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Law firm Latham & Watkins hired Alison Haggerty to join its New York office as a partner in the capital markets practice.
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The Association for Financial Markets in Europe (AFME) has praised new framework for on-balance sheet securitizations in Europe, but warned that it may also make deals more costly and complicated.
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During spring and summer of 2020, mortgage borrowers in the UK took full advantage of the chance for a payment holiday, with some non-conforming mortgage portfolios seeing payments stop on up to 40% of loans. But investors in RMBS stayed largely sanguine, despite the looming rise in unemployment and the potential for holidays to turn into defaults. Could the moratorium make a comeback in the next crisis? Tom Brown reports.
