EU nears securitization reform in bid to unleash billions
The framework, still needs to be finalized and formally endorsed, would reduce banks' capital requirements for low-risk deals and reduce administrative burden for market participants.
European Union
Fed’s Waller needs to see inflation improve before supporting a cut
Higher energy and commodity prices are intensifying headline inflation, which means inflation is headed is not headed in the right direction.
Banks warn EU against ‘unduly conservative’ securitization deal
The European Banking Federation and the Association for Financial Markets in Europe said the planned tweaks risk "curtailing the utility of securitization."
Insurers’ SRT risks to face fresh scrutiny under EU proposals
Denmark has offered additional checks and balances by the European Systemic Risk Board as a way to address concerns that insurers' investment in synthetic risk transfers could threaten financial stability.
EU’s securitization revamp set to halve some capital buffers
The initiative aims to channel the bloc's financial firepower more efficiently and spur growth by funding key industries including the defense sector.
Trump says Powell will be out ‘real fast’ if president wants it
At the Oval, Trump didn't respond to a follow-up question from a reporter about whether he was trying to remove him.
Why the U.S. and Europe trail China in central bank currency race
Western central banks trying to develop sovereign cryptocurrency models face pushback from lawmakers and other obstacles, while the digital yuan has a much clearer path.
The sustainable debt market has become unsustainable
The European Union's first social bond sale, totaling 17 billion euros, was 14 times oversubscribed, meaning the EU could have sold 200 billion euros worth of bonds. That indicates a market that’s structurally underserved.
A messy Brexit may agitate an already shaky housing market
Average mortgage rates plunged after the United Kingdom first voted to leave the European Union. With uncertainty now growing about how Brexit will actually happen, here's a look at the implications for the housing market and mortgage lending.
Pound for pound: Demand for sterling CLO tranches is picking up
Collateralized loan obligations denominated in pounds sterling were once a tough sell; two recent deals from Barclays and PGIM indicate that this is changing.
By
Glen Fest
Invesco keeping skin in the game of refinanced $400M CLO
Annisa CLO was originally issued in August 2016, just before risk retention regulation took effect, but was the firm's first deal to be dually compliant with both U.S. rules (which no longer apply to CLOs) and European rules.
By
Glen Fest
LeasePlan piles diesel cars into its first French lease ABS
Over 94% of the collateral pool consists of diesel-engine vehicles, even though diesel cars have had waning interest among French drivers in the past decade.
By
Glen Fest
ABN AMRO marketing €2B in notes from Dutch covered program
The loans used as collateral were originated by a consortium of lenders in The Netherlands: ABN AMRO, ABN AMRO Hypotheken Groep, MoneYou B.V., Oosteroever Hypotheken B.V. and Quion 9 B.V.
By
Glen Fest
Carlyle makes new-deal CLO rush before new year
The collateralized loan obligation manager launched a fifth 2017 U.S. deal totaling $510 million, while its European subsidiary is preparing a third transaction totaling €400 million.
By
Glen Fest
Fortress plans €769.9M deal backed by UniCredit NPLs
Fino 1 is backed by collections on more than €5.34 billion in bad loans originated by the Italian banking giant. Most were issued between 2010-2017.
By
Glen Fest
Securitization reform throws wrench into EU RMBS market
Last-minute revisions to European securitization regulation are raising concerns about the ability of banks to unload over €1 trillion of bad loans – considered a crucial step in boosting lending and jump-starting the region’s flagging economy.
By
Glen Fest
