Latest news
Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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Distressed loans using US documentation are some of the slow trades to settle in the capital markets, with an average time of 67 days, reflecting onerous legal requirements under the Loan Syndication and Trading Association standard terms. A new tool released by IHS Markit as part of its ClearPar loan settlement platform has the potential to slash this delay, with a recent trade by Deutsche Bank taking just 10 days to settle. -
The ‘mortgage prisoners’ fiasco has made it easier for MPs to demonise useful financial tools. While thousands of mortgagors cheer at the news they are about to be freed from their loans, the Financial Conduct Authority's (FCA) support has come in too late to undo the reputational damage done to useful parts of the capital markets.
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The Financial Conduct Authority (FCA) announced on Monday that it is introducing new rules to allow lenders in the UK to use a “more proportionate” affordability measure, allowing some of the 120,000 so-called ‘mortgage prisoners’ to refinance and escape high interest rates.
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Petros PACE Finance, a commercial Property Assessed Clean Energy (C-PACE) provider and private ABS issuer, has brought in industry pro Andy Meyer to serve as senior vice president.
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Regulatory constraints could be eased for securitizations of non-performing loans (NPLs), according to a European Banking Authority (EBA) opinion paper published on Wednesday.
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A New York federal judge ruled on Monday that the Office of the Comptroller of the Currency (OCC) lacks legal power to grant a bank charter to a fintech company, planting the OCC’s charter program in murkier grounds. One significant implication of the ruling is that the bank partnership model will continue to thrive as the best originating option for fintechs, market participants told GlobalCapital.
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The Bank of England should extend Libor beyond its set date of 2021 — or risk financial institutions setting their own rules.
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Libor may be extended beyond the cut-off date of 2021, sources told GlobalCapital this week, as the market braces for litigation over more than $1tr of Libor-linked mortgages. Tom Brown reports.
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The new European Commission has its work cut out if it wants to re-launch efforts to create a single market for capital in Europe. The easy wins were banked by the previous administration while Brexit complicates an already highly complex initiative
