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
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Two capital markets specialists have founded an electronic auction platform for issuing benchmark bonds. -
Kenny Rosenberg, part of the syndicate team on Barclays’ heavyweight ABS desk in New York, will be leaving for Morgan Stanley as the US bank looks to boost its position as an ABS arranger.
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Credit Suisse has hired from JP Morgan for securitization sales.
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There is comparatively less systemic risk in leveraged loan CLOs than in the subprime crisis-era sector, representatives from both the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) agreed while speaking at an IMN conference panel on Tuesday. Credit risks for the sector remain, however.
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Pimco is buying UK Asset Resolution’s latest major mortgage disposal, the £4.9bn ‘Project Chester’ portfolio, just a week after the US-based fund took almost half of another former UKAR disposal, Towd Point Mortgage Funding-Granite4. Meanwhile, Citi has overcome a previous reluctance to own risk retention on behalf of its clients, following a path pioneered by Goldman Sachs and Barclays.
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The European Parliament on Monday decided to postpone a vote on a directive that would set up a secondary market for non-performing loans (NPLs) until next week. The delay increases the pressure on MEPs to reach an agreement before before the current Parliament’s mandate ends on April 18.
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Clinton Ray and Guy Morgan are joining Perella Weinberg Partners from Goldman Sachs to advise on restructurings.
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The UK’s new Brexit Bond Management Office is still preparing to issue its first notes, originally scheduled for last Friday. The Brexit-themed Gilts are sized at £36.4bn, equivalent to £350m a week over their two year maturity.
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France has yet to appoint a national securitization regulator after an amendment to President Emmanuel Macron’s 2018 financial reforms caused a bill to fall by the wayside.
