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GC Asia
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European ABS market – signs of recovery, growth and evolution
While strong issuance so far this year has given rise to expectations that the European securitization market’s recovery could accelerate in the second half, 2021 is not just a rebound story. Investor demand and regulatory change are also driving new developments and innovations, say BNY Mellon’s Paul Crossley, senior business development, principal, EMEA, and Michela Sperandio, head of business development, Italy.
02 Jun 2021 -
EQ Credit Services seizes market opportunity
EQ Credit Services has rapidly grown to become one of the leading standby servicers and technology providers of loan management systems in the UK. In an interview with GlobalCapital, Will Ellis, sales director, describes the growth story so far and future ambitions.
02 Jun 2021 -
Vienna Stock Exchange looks to the future
The Vienna Stock Exchange celebrates its 250th anniversary this year, making it one of the world’s oldest stock exchanges. Its longevity and resilience, through wars, the fall of empires and financial crises, is partly due to a sound reading of, and response to, future market trends. In an interview with GlobalCapital, Matthias Szabo, director of debt listings, highlights three current trends that are shaping the future of the exchange, and the industry.
02 Jun 2021 -
Navigating rising levels of corporate distress
While the full financial impact of the pandemic has yet to emerge, growing signs of corporate distress are expected to start emerging in the coming months. To get ahead of it, early engagement with lenders and appointing strong advisors can help companies avoid insolvency or costly restructuring, say Ocorian’s Alan Booth, head of capital markets and Nick Bland, head of UK client services.
02 Jun 2021 -
Securitization Trustee of the Year — Citi
From supporting transactions under stress during treacherous market conditions, to helping clients navigate the data and reconciliation challenges of the simple, transparent and standardised (STS) regime, Citi was able to build on strong foundations to deliver for clients in a critical time for the market, making it our Securitization Trustee of the Year.
02 Jun 2021 -
Servicer of the Year (NPLs) — Prelios
Regulatory pressure has led to over €70bn of non-performing loan transactions from Italian lenders during the last few years, shaking up the servicing business. Prelios has been at the front of the pack from the start and is our Servicer of the Year, after a 2020 in which it began the industrialisation of unlikely-to-pay servicing, built out the first Italian non-performing exposures digital marketplace, and delivered market-leading financial performance.
02 Jun 2021 -
Securitization Rating Agency of the Year — Moody’s Investors Service
The Covid-19 pandemic presented a raft of new challenges for rating securitizations, as issuers, investors and servicers struggled to understand not just how underlying asset classes would cope but the short- and longer-term implications on cashflows as well as credit risk. Moody’s used the breadth and depth of its global franchise to provide consistent guidance and found new ways to reach out to the market and is our Securitization Rating Agency of the Year 2021.
02 Jun 2021 -
Securitization Equity Investor of the Year – M&G
When a crisis hits, it’s often the equity tranches that feel the brunt but the Covid-19 pandemic in 2020 ultimately created opportunities for some investors in the space. M&G, with its strong reputation among counterparties and ability to invest across the full range of assets, overcame the challenges and is our Securitization Equity Investor of the Year.
02 Jun 2021 -
ABS Issuer of the Year — Santander Consumer Bank AG, ABS Deal of the Year — SC Germany Consumer 2020-1
Santander Consumer Bank AG is a relative veteran as an issuer in the securitization market but it is still pushing boundaries. With securitization a central part of its funding – and capital management – plans, a focus on the product across the firm and an experienced team, the bank delivered our ABS Issue of the Year, the largest cash risk transfer deal in the public market, and also wins our ABS Issuer of the Year accolade.
02 Jun 2021 -
Secondary ABS/RMBS Trading House of the Year — BNP Paribas
Secondary trading of ABS enjoyed a boom in 2020. For trading desks, that required a need to step up and provide liquidity for clients trying to manage portfolios during difficult markets. BNP Paribas did this demonstrating its commitment to the market as it continued to grow its business to match its leading position in the primary securitized products market. For the second year running BNP Paribas is our Secondary ABS/RMBS Trading House of the Year.
02 Jun 2021
