Latest news
Latest news
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
First European buy now, pay later securitization expected next year
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Chris Woolard, executive director of strategy and competition at the UK’s Financial Conduct Authority, has warned mortgage bankers about the explosive grow in the lifetime mortgage section of the market — a move driven partly by regulatory changes for the UK’s life insurers. -
Obscure disclosure rules for European securitizations could bring asset-backed commercial paper conduits to a sudden stop on January 1, forcing the banks that sponsor them to step in with liquidity support of up to €130bn.
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Uncertainty over the ultimate shape of the European Union’s simple transparent and standardised (STS) securitization framework may be hampering investor demand for top quality securitizations, according to bankers.
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The Council of the European Union agreed on a softer line for writing down non-performing loans on Wednesday, extending the timeline that European banks will be given to provision bad loans down to 0%. The Council’s proposals also add a third category of NPLs to the planned distinction between ‘secured’ and ‘unsecured’, giving separate treatment to loans secured on 'movable' collateral.
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The credit arm of private equity firm BC Partners has listed a new direct lending business, Mount Logan Capital, with the firm eyeing better returns in private credit compared with more liquid markets.
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Lloyd’s of London has identified several financial instruments that could boost investment in resilience against disaster. The solutions incorporate features of loans, bonds, catastrophe bonds and securitization.
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RBC Capital Markets announced a series of hires in European real estate investment banking on Wednesday, part of the firm’s gradual expansion across industries in European IB.
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The ECB would like Piraeus Bank to raise tier two capital, but issuance over the past few months has proved too difficult. The bank can afford to wait for now — but it has a challenging road ahead.
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The Spanish supreme court’s recent ruling that banks should pay certain taxes on mortgage loans harmed the lenders’ trading levels and hindered primary debt market access. Ratings agency DBRS estimates that, in the unlikely worst-case scenario, the sector could face a retroactive bill of €16.9bn.
