Latest news
Latest news
Despite a tepid response in a 2024 consultation, there are signs EU authorities are laying the groundwork
European and high yield chiefs to take the reins
Kevin Duignan to retire after 33 years, mainly in structured finance
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Invesco is said to be considering a sale of its portfolio of European collateralized loan obligations, as it shifts focus to its U.S-dollar denominated vehicles.
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Mark Hoban, the U.K.’s financial services minister, says the European Union needs to develop tools for macroprudential supervision similar to those being proposed later this week by the Bank of England’s Financial Policy Committee.
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Société Générale is in talks with the Blackstone Group to sell EUR100 million ($131.2 million) in commercial property loans on U.S. office and retail developments.
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Sants Resigns As FSA Chief Hector Sants has resigned as ceo of the U.K.’s Financial Services Authority and will leave the FSA at the end of June. Sants, who once before resigned in 2010 but was persuaded to stay, was tapped to become head of the new Prudential Regulatory Authority in a merger of the FSA and the Bank of England. Sources said Sants is leaving because of delays in that process. Click here to read the release from the FSA. Click here to read the story from The Financial Times.
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Germany’s FMS Wertmanagement, which was created to wind down some EUR176 billion ($232 billion) in Hypo Real Estate assets, says its participation in the recent Greek debt swap agreement will result in it booking EUR8.9 billion ($11.7 billion) of risk provisions on the securities.
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The European Data Warehouse, formed to hold loan-level data on securitization deals, is offering discounts for accessing information to prospective investors. Investors will receive a graduated discount based on the number of shares they buy.
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Portsmouth, N.H.-based Direct Capital has announced the expansion of its $100 million lease-backed commercial paper conduit securitization facility with DZ Bank.
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The U.S. Court of Appeals for the Second Circuit hasgranted the U.S. Securities and Exchange Commission a stay of a lower court ruling that rejected a settlement between the SEC and Citigroup over its sale of mortgage-backed securities.
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UK Financial Investments says it may sell the government’s stake in Royal Bank of Scotland and Lloyds Banking Group at a loss, warning that government interference will make it more difficult to sell shares of the two lenders.