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The point of 'Simple, Transparent and Standardised' is that these deals are safe
Asset manager hires non-agency RMBS portfolio manager
Schaafsma has long experience from Moody's and Standard Chartered
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Solactive, the German index provider, has launched the first index of green bonds – the fast-growing category of bonds with proceeds earmarked for specifically enviromental uses.
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Standard & Poor’s is anticipating a “steady stream” of CLO portfolio loan defaults through the remainder of this year as pre-crisis vintages exit their reinvestment periods, even as improving economies and investor appetite for corporate debt boosts credit quality. -
A legislative proposal to prevent banks’ divestiture of collateralised loan obligations is gaining new traction that could lead to a vote in Congress, as the five regulatory agencies enforcing the Volcker Rule remain silent.
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Intermediate Capital Group has made three hires as it seeks to expand its presence in the alternative structured credit market with a new dedicated team of investors.
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The fourth quarter of 2013 saw UK financials finally start to access the Funding for Lending (FLS) scheme in meaningful size, in the last quarter before the scheme shuts out household credit and mortgages to focus on SME and business lending.
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The Bank of England’s Funding for Lending Scheme (FLS) has finally caught on. The last quarter saw almost as much borrowing as the entire year previously, suggesting that the banks were right all along — the reason they weren’t lending was because nobody wanted to borrow.
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The four largest US banks have been rebalancing their portfolios of mortgage-backed securities to comply with new bank liquidity rules, but regional banks have not followed suit. At least fourteen banks with assets ranging from $57bn to $361bn are still lobbying for special treatment, but regulators’ exemptions will most likely be limited, meaning the bid for Ginnie Mae securities will likely strengthen, experts say.
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RBC has hired two mortgage salespeople from Bank of America Merrill Lynch to join its growing mortgage backed securities (MBS) sales desk in New York.
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Deutsche Bank is looking to quickly replace its former head of commercial mortgage-backed securities research, and may promote one of its analysts to fill the vacancy, GlobalCapital Securitization understands.
