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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Concerns around disclosure of mortgage forbearance figures and payment holidays led to deals scheduled for issuance earlier in 2020 being delayed to later in the year, as issuers feared securitization investors having access to information not widely disseminated to other investors. -
Fitch Ratings has named North America head Rui Pereira as the global group head of structured finance and covered bonds as part of a global reshuffling.
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The European Commission released a new action plan for its Capital Markets Union project on Thursday, prompting many observers to urge the EU to crack on with the proposals, after the CMU has taken years to implement.
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The Court of Appeal ruled last week that Rizwan Hussain’s 12 month prison term for contempt of court would stand, leaving the controversial former banker incarcerated after a legal fight over unpaid bills for a London flat rental.
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The adverse market refinance fee came under fire in a hearing this week, during which House policy makers characterised it as last-minute and poorly explained. Federal Housing Finance Agency (FHFA) Director Mark Calabria emphasized that the fee is necessary, and the only alternative would be to receive funding from Congress before the December implementation date.
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Credit Suisse has teamed up with its biggest shareholder to launch a private credit lending platform, bringing to fruition a plan that been beset by delays and high profile departures.
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Credit Suisse has hired Dimitris Papadopoulos as a managing director from Natixis to run origination and syndication of CLOs in EMEA.
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The UK should be seen as the “poster child” of the transition from inter-bank offered rates (Ibors) to risk-free rates, said a spokesperson from the Financial Conduct Authority, speaking at Global ABS 2020 on Wednesday, who urged the ABS market to turn towards solving the problem of legacy issuance.
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The UK has an opportunity to change key aspects of the Securitization Regulation once it leaves the European Union to the benefit of investors and issuers, said speakers at IMN’s Global ABS 2020 virtual conference on Tuesday.
