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Schaafsma has long experience from Moody's and Standard Chartered
Senior lawyer joins firm's Los Angeles office as partner
Sarah Milam hired to boost asset-based finance
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The European Parliament’s Committee on Economic and Monetary Affairs (ECON) is set to vote on the “simple, transparent, and standardised” (STS) securitization proposals in November, the European Commission said on Monday. -
The Capital Markets Union project risks becoming a “paper tiger” unless faster progress is made on the “simple, transparent and standardised” (STS) securitization framework, said influential Dutch MEP Cora van Nieuwenhuizen on Thursday.
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David Basra, Citi’s head of EMEA financing, is intending to leave the bank, GlobalCapital understands.
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The long-awaited debut marketplace lending ABS in Europe was announced on Thursday, with Deutsche Bank arranging and leading SBOLT 2016-1, an SME ABS back by a £130m pool of loans originated by Funding Circle and bought by KLS Diversified Master Fund.
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Market participants have reacted positively to the creation of a new privately-backed fund in Italy, which will support the recapitalisation of struggling banks and reduce the country’s huge stock of bad loans.
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Fresh off the back of its German lease ABS, VCL 23, which priced last week, Volkswagen Financial Services chief financial officer Frank Fiedler announced that the lender was planning new ABS programmes in Italy and Korea.
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Belgium’s economic ministry mistakenly pitted itself against one of the main goals of Capital Markets Union — and possibly the fundamental EU law of free movement of capital — when it ruled recently that international securitizations may not purchase Belgian consumer credit receivables; a rule that GlobalCapital has learned is now under review.
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Belgium’s economic ministry pit itself against one of the main goals of Capital Markets Union — and possibly the fundamental EU law of free movement of capital — when it ruled recently that international securitizations may not purchase Belgian consumer credit receivables.
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Lloyds has decided to shrink its credit sales and trading business, with at least two salespeople and two traders at risk.
