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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The central bank of the Netherlands, De Nederlandsche Bank, is said to have pushed back against the Basel Committee on Banking Supervision over capital rules that will hit the nation’s banks particularly hard. -
TwentyFour Asset Management has recruited John Lawler, former head of European ABS sales at Nomura, as the firm adds sell-side experience to its growing platform.
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MEP Paul Tang’s proposal to hike European ABS risk retention to 20% is grounded in a worn-out characterisation of structured finance, and shows that the industry is still struggling to shake off the perception of the US subprime crisis.
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Jonathan Noonan, a former ABS and CMBS trader at Bank of America Merrill Lynch, has joined LA-based broker Imperial Capital.
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US institutional broker-dealer CRT Capital Group has closed its London-based credit business, leaving only a handful of equities staff, and is intending to sell much of its US operations.
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Hopes for a more favourable regulatory framework for the European ABS market suffered a setback on Monday as MEP Paul Tang put forward proposals to ratchet up the risk retention requirement for all securitizations to 20%.
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BNP Paribas has launched a new asset finance and securitization (AFS) platform, headed by Matt Salvner, the bank’s head of primary and credit markets for Americas, while global securitization head Fabrice Susini seeks another role internally.
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The securitization industry’s efforts to educate legislators about the asset class are making progress – but there’s still a long way to go to help politicians overcome big screen characterisations of structured finance.
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The European Parliament’s economic and monetary committee had the first exchange of views on the simple, transparent and standardised securitization (STS) framework on Tuesday morning — the day after 85 academics criticised the plans.
