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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Banks are refusing to comment publicly on the UK’s referendum on leaving the EU, for fear of being sued and angering people on the other side of the debate — despite the potentially grave consequences of the vote. -
Mitsubishi UFJ Securities has hired Sarwat Faruqui from Citigroup to lead its syndicate operations in Europe.
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The Financial Conduct Authority (FCA) has outlined plans to speed up approvals for wholesale debt issues listed in London, a change which it hopes will particularly benefit borrowers from outside the EU, and ABS and covered bond issuers.
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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.
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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.
