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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Nat Hoopes is leaving the Marketplace Lending Association (MLA) to join online lender Upstart as vice president and head of public policy and regulatory affairs. The newly created role will focus on increasing Upstart’s presence in Washington, helping policy makers understand the benefits of alternative lending. -
Connecticut-based Nassau Corporate Credit is starting a European CLO operation led by former Ellington portfolio managers Paul Meloche and Hekeani Mathieu. The new business will buy CLO liabilities from third parties as well as running its own CLOs.
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Nassau Asset Management has hired Michael Tamasco to oversee global business development, enhance client engagement and expand the firm’s third-party asset management platform.
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The publication of final rules on data disclosure for securitizations in the EU last Thursday ought to have been the last step in a long journey for the industry, but uncertainties and controversies over the rules remain.
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Kartesia has hired Lizeth Bonilla to join its structured credit team, expanding the firm’s CLO investment capabilities.
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The governments of the UK and the Netherlands are considering tax changes that will impact buy-to-let (BTL) mortgage origination in each country, hitting the two largest markets for BTL RMBS.
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The Federal Housing Finance Agency (FHFA) has delayed the implementation date of the adverse market refinance fee to December 1, following a wave of criticism from mortgage market participants. With more time to prepare before implementation, sources say the fee is a logical move on the part of the agencies to allow all players in the market to benefit from low mortgage rates, as well as shore up capital to cover losses stemming from the pandemic.
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Two of the biggest sustainable finance organisations, the PRI representing investors and WBCSD for companies, are putting their heads together to try to solve two of the thorniest issues impeding progress in the field.
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The European Central Bank has requested that Banca Monte dei Paschi di Siena raise at least €250m of tier two capital before the end of this year, as part of the conditions of its sale of non-performing loans to Amco. Analysts say the bank might have to pay as much as a 9% coupon on the bond.
