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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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A no-deal Brexit has the potential to cleave the European securitization market by seeing different rules apply in the the UK — its largest component — from the rest of the EU. Tom Brown reports. -
Shareholders of the Budapest Stock Exchange (BÉT) decided to establish a securitization advisory subsidiary at a meeting held on August 14 to “facilitate the development of the domestic securitization market.”
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The European Central Bank is giving banks more time to provision for recently classified non-performing exposures, bringing its expectations into line with the EU’s new Capital Requirements Regulation.
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The Volcker rule is set to be tweaked, simplified and watered down, changing the section of the US’s Dodd-Frank regulations stopping banks from engaging in proprietary trading. Only banks with more than $20bn of trading assets and liabilities will face the fullest compliance programme, while rules over what is identified as prop trading have been weakened.
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Bank of America Merrill Lynch hires fintech chief — Perella Weinberg builds European restructuring team — UniCredit finds SSA trading boss.
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A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.
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Anurag Singhal has been appointed as head of financing coverage in Europe at Deutsche Bank, as it redraws the structure of its investment bank.
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Apollo subsidiary Redding Ridge has hired Pretium Partners executive John D’Angelo as CLO portfolio manager in New York.
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After an explosive report this week by British newspaper The Times accusing Al Rayan Bank of funding extremist groups, investors in the UK Islamic bank’s sukuk RMBS say they have little concern over the prospects for the bonds.
