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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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SC Lowy, a boutique bank headquartered in Hong Kong, has hired Tristan Laurencin as head trader for EMEA loans. -
The Alternative Reference Rates Committee (ARRC) issued recommendations for Libor replacement at the end of April, indicating that it believes the market should effectively self-regulate when it comes to picking a new benchmark for floating rate debt contracts.
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A legal battle between US private equity firm Blackstone and Italian media group RCS over an Italian CMBS will be settled in Milan, the New York state Supreme Court decided on Wednesday.
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Spanish bad bank Sareb is reducing NPL portfolio sales in 2019 after increased competition made large sales unprofitable, and is instead focusing on converting NPLs into real estate assets via foreclosure. Tom Brown reports.
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A list of competent authorities under article 29 of the new Securitization Regulation published by the European Securities and Markets Authority (ESMA) showed that Spain is still without a securitization regulator, in an example of the teething difficulties of the new European securitization regime.
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ICAP Energy has appointed Nicholas Ernst and Eric Ernst to spearhead a drive into the weather derivatives market.
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There were widespread hopes earlier this year that not only would Italy’s Garanzia sulla Cartolarizzazione delle Sofferenze (GACS) scheme be extended, but it would also include a provision for loans classified as unlikely-to-pay (UTP).
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Nationwide Building Society this week priced the first securitization benchmarked over Sonia, the UK’s alternative rate for sterling Libor. The Silverstone RMBS deal, which is also eligible for ‘simple, transparent, standardised’ regulatory treatment, was heavily subscribed by investors.
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The UK government is consulting on legislation to abolish Section 21 evictions, dubbed ‘no-fault evictions’, in order to stop private landlords from removing tenants at short notice. The change in the law would effectively create open-ended tenancies in England and Wales.
