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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Principal policy adviser for the European Banking Authority (EBA) Christian Moor cautioned securitization market participants against "looking for loopholes" in the ‘"simple, transparent and standardised" (STS) regulation and predicted a "negative impact for the whole sector" if opportunistic behaviour is seen. -
The Spanish RMBS sector is bracing itself for the impact of legislators’ push to compensate borrowers for early foreclosure periods.
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Rizwan Hussain, the controversial figure who runs investment vehicle Clifden Isle of Man No 1, has been declared insolvent, according to UK court records, even while a separate investment vehicle he controls, Greencoat Investments Ltd, is in the market trying to take control of pre-crisis securitization from the Business Mortgage Finance series. The insolvency isn’t Hussain’s only trouble, GlobalCapital understands, with at least one investment bank having reported him to the regulator over a previous tender for UK RMBS notes.
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The European Central Bank (ECB) is looking to set up its own platform in collaboration with the Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria (Sarreb) in order to shift European non-performing loans (NPLs).
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Significant risk transfer (SRT) issuers are concerned that they may have to wait until as late as 2021 for their deals to become eligible for the European ‘simple, transparent and standardised’ (STS) securitization designation, following comments at the Association for Financial Markets in Europe's Spanish Funding Conference in Madrid on Thursday.
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Major private equity firms, including Blackstone, CarVal, Cerberus and TPG, are selling control rights to the giant UK mortgage portfolios they bought three or four years ago, rather than waiting to call and refinance the deals. Is the rush to the exits a sign of Brexit trouble to come, or a way to make space for a bigger prize in the shape of the final mortgage sales from UK government crisis-era rescues? Owen Sanderson investigates.
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Lloyds Bank's former head of loan markets, who subsequently became its global head of industrials and manufacturing, has left the bank.
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Portfolio manager Bill Gross, regarded as a legend of the fixed income investment world, announced his retirement on Monday, after a torrid year for the global unconstrained bond fund he managed at Janus Henderson Investors.
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The Carlyle Group and GSO Debt Funds Management both priced new European CLOs on Friday, selling the senior bonds at 108bps over Euribor, a strong sign for the euro CLO space as it clears the January hurdle.
