Latest news
Latest news
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
More articles
More articles
-
'Simple, transparent, standardised' (STS) ABS deals are unlikely to be certifiable before the end of January according to third-party verifier Prime Collateralised Securities (PCS). A debate is ongoing within the European Commission over homogeneity requirements and to what degree the final regulatory technical standards (RTS) will differ from previous templates. -
A last-ditch reprieve for the asset-backed commercial paper market late last year saved European banks running securitization conduits from a huge drawing on their liquidity reserves — but details of the fix are still being hashed out.
-
A former director in Deutsche’s insurance solutions business has joined Blackstone’s Tactical Opportunities team as a principal.
-
UK banks printed a flurry of risk transfer securitizations just before the end of last year, hedging portfolios of corporate credit and commercial real estate totalling more than $8.5bn-equivalent.
-
Sidley Austin has hired Steven Koyler to join the firm’s global finance practice as a partner in New York.
-
Barclays launched a new asset-backed commercial paper conduit, Sunderland Receivables, receiving a prime rating for the new vehicle on December 24, part of a broader overhaul of the bank’s asset finance operations which has been running for the past year — and a canny move to get ahead of European regulation.
-
The European Supervisory Authorities (ESAs) on Tuesday brought the risk mitigation treatment of simple, transparent and standardised (STS) ABS deals in line with covered bonds for over-the-counter derivatives contracts. The announcement follows guidelines published last week by the European Banking Authority clarifying the finer points with regard to the STS framework that comes into effect next year,
-
Participants at a Transparency Task Force symposium on Monday told representatives of three UK financial regulators they welcomed their efforts to step up oversight of the financial system’s response to climate change — but they called for regulators to be more ambitious, as scientists say the world has 12 years left to get global warming under control.
-
The European Parliament and the European Council have reached an agreement on a set of measures to tackle non-performing loans in the banking sector, broadly backing the European Commission’s proposals from March.
