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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The ‘simple, transparent and standardised’ framework for securitisations took another step forward this week when its first third-party verifier, True Sale International’s STS Verification International (SVI), was authorised by German regulator BaFin. Another verifier, Prime Collateralised Securities (PCS), is already working on deals as it awaits authorisation.
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Cheyne Capital’s structured investment vehicle (SIV) has finally been liquidated, marking another post-crisis milestone. Cheyne Finance was the first SIV to be forced into wind-down in August 2007, as frozen commercial paper markets stopped it raising funding, and worries about subprime forced it to breach a ‘major capital loss’ trigger and start selling assets. It then entered a restructuring and has been in receivership ever since 2008. -
NewDay has hired John Hourican as CEO, a role he will take up in early September. He succeeds James Corcoran, who has served as CEO since 2009.
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Rachelle Rijk, treasury manager at Obvion, will move into a new role as CFO as of March 1.
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A group of nine NGOs, trade unions and other civil society groups have got together to produce an independent white paper setting out in detail how they believe the European Union’s Sustainable Finance Action Plan should progress. It calls on the EU to push ahead with the Plan, only some of whose targets have been acted on so far, and to take it further and deeper.
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Mizuho replaces global markets head after less than a year — Syndicate banker leaves ING — Hudson joins Credit Suisse executive board
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Irish republican party Sinn Féin has proposed a mortgage bill dubbed ‘no consent, no sale’, which would seek a borrower’s agreement before selling mortgage loans to another owner, either abroad or domestic, in a move which could end the securitization market in Ireland.
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Asif Godall has been appointed as head of global markets for EMEA at Mizuho International plc, replacing Zahra Peerbhoy. Godall joins from Cairn Capital, where he was co-chief investment officer.
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Banca Carige, the struggling Italian lender, said this week that it was looking for €630m of new equity capital to carry out an ambitious plan to bring its non-performing exposure (NPE) ratio down to 6%-7% from 22%. The institution is also hoping to overhaul its funding sources, faced with replacing €5.5bn of financing from the Italian government and the European Central Bank.
