Latest news
Latest news
Hire follows launch of new asset backed finance fund
Karen Anzalone joins law firm's structured finance and securitization practice
Bank continues to build in priority area
More articles
More articles
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Vaibhav Piplapure, widely known as VP, has signed on for a second stint in KKR’s credit business, returning to the firm as a London-based managing director sourcing asset-based finance and speciality lending opportunities.
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The Consumer Financial Protection Bureau plans to revive the ‘ability to pay’ rule, rescinded in the Trump era, a move which will tighten its grip on payday lenders. While it may be beneficial to have deceptive payday lending practices eliminated, the new rule may stifle the growth of speciality finance lenders and take away a valuable source of funding for borrowers, sources say. -
The UK government is considering changing its securitization rules to allow shares and equity to be securitized, one of many proposals regulators are considering in order to make the sector more competitive. The announcement comes close to the EU’s finalisation of its securitization amendments, which has split the two regulatory regimes following the UK's departure from the bloc.
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The European Parliament has passed amendments to the STS Regulation and changes to the Capital Requirement Regulation (CRR) after a tax dispute almost shut Australian investors out of European ABS.
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Alternative investment firm Angelo Gordon has hired two managing directors in its latest effort to bolster the firm’s structured credit investment strategies. The new hires will work on expanding the firm’s residential mortgage and consumer debt businesses.
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Goldman Sachs has been offering UK specialist lenders terms for mortgage warehouses, in a radical shift in securitized products strategy for the US investment bank, which has concentrated most of its recent primary markets efforts on principal deals. The move puts it into competition with commercial banks with bigger balance sheets and cheaper capital, but could send waves through the sector.
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NatWest Markets is offering warehouse terms for new CLOs again, reflecting the reorganisation of the bank’s operations and an increased focus on sponsor financing for the UK bank.
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This week 35 investors with $8.5tr of assets — many of them UK and Nordic pension funds — launched the Net Zero Investment Framework, a primer for investors wanting to decarbonise their portfolios. Faith Ward, chair of the Institutional Investors’ Group on Climate Change, answers some key questions for GlobalCapital about why the Framework is important and how it will be implemented.
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The Senate Banking Committee approved the nomination of Gary Gensler as chair of the Securities and Exchange Commission and Rohit Chopra as director of the Consumer Financial Protection Bureau, allowing the two picks by US president Joe Biden to advance to the Senate floor. The restoration of consumer protection initiatives removed under the Trump administration is expected to follow a successful confirmation by Chopra.
