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Urbi credit event called

22 May 2013   CDS
ISDA's Americas Credit Derivatives Determinations Committee has resolved that a failure to pay credi...

New challenges for Euro special servicers

22 May 2013   CMBS
New challenges are emerging for special servicers working out European CMBS loans with borrowers und...

Unusual utility ABS prepped

22 May 2013   ABS
Three Ohio subsidiaries of FirstEnergy Corp - The Cleveland Electric Illuminating Company,...

Second agency upgrades MBIA

22 May 2013   Structured Finance
Moody's has upgraded the insurance financial strength (IFS) ratings of MBIA Insurance Corporation (t...

Electronic trading challenges examined

22 May 2013   CDS
New research from GreySpark Partners examines the state of electronic trading in fixed income market...

Markit looks east for growth

22 May 2013   Structured Finance
Singapore-based Temasek has made a significant equity investment in Markit. The addition of Temasek...

REIT subsidiary spun off

22 May 2013   RMBS
Newcastle Investment Corp has spun off its New Residential Investment Corp subsidiary. New Residenti...

Direct lending fund closed

22 May 2013   Structured Finance
BlueBay Asset Management has closed the BlueBay Direct Lending Fund, having raised over €8...

Asset manager beefs up in Korea

22 May 2013   Structured Finance
Highland Capital Management has appointed Jun Park as director of business development, Korea. He is...

Liquid asset analysis outlined

22 May 2013   Structured Finance
The EBA has issued a discussion paper presenting the methodology and scope of its forthcoming analys...

Buy-side vet joins PCS committee

22 May 2013   Structured Finance
Will Howard Davies has agreed to serve on the Prime Collateralised Securities (PCS) Market Committee...

Active start for non-agency RMBS

21 May 2013   RMBS
The secondary US non-agency RMBS market has had an active start to the week, boosted by a CDO liquid...

Further container ABS calls anticipated

21 May 2013   ABS
TAL International has re-priced its TAL Advantage IV Series 2010-1 transaction via an amendment to t...

CRE CDO late-pays remain flat

21 May 2013   CDOs
US CRE CDO late-pays remained flat in the month of April, at 13.2%, according to Fitch's latest inde...

Senior appointments made at SIFMA

21 May 2013   Structured Finance
SIFMA has appointed former three-term US Senator Judd Gregg as ceo. At the same time, the associatio...

Improvement seen in timeshare ABS

21 May 2013   ABS
Total US timeshare ABS delinquencies for 1Q13 stand at 3.27%, down from 3.55% in 4Q12 and 3.58% in 1...

Specialised depositary 'critical' for Russian MBS

21 May 2013   RMBS
Specialised depositary and management company roles are critical for Russian RMBS transactions, Mood...

Uncovered FX eyed in Euro CLOs

21 May 2013   CLOs
Managers' increasing desire to include sterling assets - funded with either euro or sterli...

Mortgage, risk management capacity strengthened

21 May 2013   Structured Finance
Treliant Risk Advisors has expanded its mortgage and risk management capacity with five financial se...

Stable performance continues for Trups CDOs

21 May 2013   CDOs
Combined defaults and deferrals for US bank Trups CDOs have remained stable, standing at 28.2% at th...

REIT beefs up in operations

21 May 2013   Structured Finance
Annaly Capital Management has named Glenn Votek as chief administrative officer. He brings over 20 y...

Willis taps Asia head

21 May 2013   Insurance-linked securities
Willis Capital Markets & Advisory has appointed Michael Guo as md and head of Asia. Based in...

Documentation overhaul spooks sub CDS holders

21 May 2013   CDS
Concern that ISDA's plan to update the CDS definitions (SCI 19 December 2012) could impact the liqui...

SSFA provision clarified

20 May 2013   Structured Finance
The OCC has clarified a provision of the market risk capital rule. Specifically, it has addressed th...

Operations tool enhanced

20 May 2013   Risk Management
Misys has released Sophis VALUE v5, which is designed to offer increased transparency for traditiona...

Abacus CDO decision reversed

20 May 2013   CDOs
New York's Appellate Division, First Department last week reversed a lower court's order and dismiss...

ResCap plan agreed

20 May 2013   RMBS
Ally Financial has entered into a comprehensive plan support agreement with the Residential Capital...

Spanish RMBS ratings reviewed

20 May 2013   RMBS
Fitch has downgraded 97, affirmed 194 and upgraded three tranches from 80 Spanish RMBS. The agency h...

CLO specialist recruited

20 May 2013   CLOs
Lawrence Berkovich has joined Mayer Brown in Charlotte as a partner in the banking and finance pract...

FFELP SLABS criteria updated

20 May 2013   ABS
Fitch has updated its criteria for US FFELP student loan ABS. The agency has placed 192 tranches on...

Senior CMBS analyst appointed

20 May 2013   CMBS
Ed Barrett has left Morningstar to take up a role as CMBS director at Kroll Bond Rating Agency. He w...

Mortgage specialist enlisted

20 May 2013   RMBS
Keeyeol Nam has joined Tilden Park in New York as md to lead a team trading agency mortgages and mor...

Investment manager adds analyst

20 May 2013   Structured Finance
John Robbins has joined Lucidus Capital. He becomes a research analyst in the investment manager's N...

EU asset quality to be reviewed

17 May 2013   Risk Management
The EBA has agreed on recommendations to supervisors to conduct asset quality reviews on major EU ba...

CLO-like structure minted

17 May 2013   CLOs
HIG WhiteHorse Capital has closed WhiteHorse VII, a term facility - structured like a CLO...

Final SEF rulemaking released

17 May 2013   Risk Management
The US CFTC has released a final rulemaking on core principles and other requirements for SEFs. The...

Co-op RMBS on review

17 May 2013   RMBS
Moody's has placed on review for downgrade the ratings of 28 tranches in eight UK RMBS sponsored by...

Greek country ceiling raised

17 May 2013   Structured Finance
Fitch has upgraded 24, affirmed five and downgraded one tranche from 12 Greek structured finance tra...

Senior credit pair leave asset manager

17 May 2013   Structured Finance
Andy Clapham and Richard Downer are both understood to have left Investec this week. The pair worked...

Uncertainty remains for tobacco ABS

16 May 2013   ABS
S&P has published a report detailing a number of significant developments related to tobacco...

CLO pricing tool offered

16 May 2013   CLOs
Thetica Systems has rolled out an enhanced CLO analytics module as part of its ABS Trader Tools stru...

Secondary German CRE demand on the rise

16 May 2013   CMBS
Signs of renewed investor interest in secondary German commercial real estate (CRE) markets suggest...

RPI ABCP rating intact

16 May 2013   Structured Finance
Moody's says that the Prime-1 rating of the ABCP issued by Royal Park Investments (RPI) is unaffecte...

Canadian loss framework finalised

16 May 2013   Structured Finance
Fitch has finalised its new model framework for estimating losses on prime Canadian residential mort...

Apartment, office prices at record highs

16 May 2013   CMBS
US major market apartment and central business district (CBD) office prices continued to set record...

Cantor eyes primary CDO desk

16 May 2013   Structured Finance
Cantor Fitzgerald has made four key hires across the CLO, CDO and structured credit segment. Florian...

Ares announces senior changes

15 May 2013   CLOs
Ares Capital Corporation (ACC) has promoted president Michael Arougheti to ceo and four Ares Capital...

Euroclear, DTCC to collaborate

15 May 2013   Risk Management
Euroclear and the DTCC are to create a joint collateral processing service to increase efficiency, r...

Shift seen in Euro loan maturities

15 May 2013   CLOs
S&P's updated study of collateral pools backing European cashflow CLOs finds that the peak i...

Reinsurance duo to lead capital markets push

15 May 2013   Insurance-linked securities
AQR Re has expanded its presence in Bermuda with the hires of John Lummis as ceo and Paul Karon as v...

NY firm adds SF lawyer

15 May 2013   RMBS
Hunton & Williams has added Brent Lewis to its structured finance and securitisation practic...

Cashflow modelling error disclosed

15 May 2013   RMBS
Moody's has placed the ratings of 228 tranches from 94 US RMBS issued by several issuers on review w...

CRE specialist joins boutique bank

15 May 2013   CMBS
Marvin Cash has joined Asgaard Capital as head of real estate and structured products in Charlotte,...

Varied PDL performance highlighted

15 May 2013   ABS
While payroll deductible loans (PDLs) exhibit lower default rates than traditional consumer loans, a...

Fixed income vet enlisted

15 May 2013   CMBS
Michael Blum has joined the fixed income team at Brean Capital in New York, where he will report to...

Mid-market financing group formed

15 May 2013   CLOs
Babson Capital Management has formed a subsidiary to provide financing to middle-market companies an...

CRE set for slow, steady improvement

15 May 2013   CMBS
The performance of all commercial real estate sectors will continue to improve throughout 2013, but...

New home for CMBS head

15 May 2013   CMBS
RBS director of CMBS and CLO strategy Richard Hill is leaving the bank to join Morgan Stanley. He wi...

Capital markets group targets catastrophe risk

15 May 2013   Insurance-linked securities
Bermuda-based Sirius International Group has formed a dedicated team to lead its strategic initiativ...

Clearing risk management tool prepped

15 May 2013   Risk Management
The first futures commission merchant (FCM) has completed production testing for Traiana's central r...

Counterparty criteria tweaked

14 May 2013   Structured Finance
Fitch has updated its criteria for the analysis of counterparty risks in structured finance transact...

Foreclosure legal risk highlighted

14 May 2013   RMBS
A borrower in California has successfully obtained an injunction against a foreclosure sale on his p...

ResCap agreement given more time

14 May 2013   RMBS
The US Bankruptcy Court last week granted ResCap an additional 30 days (to 6 June) to file a Chapter...

Balloon risk remains for MFH deals

14 May 2013   CMBS
Fitch reports that refinancing activity has been strong in German multifamily (MFH) CMBS transaction...

Countrywide hearing on track

14 May 2013   RMBS
Objector discovery has commenced in preparation for the 30 May hearing in the New York State Court o...

CMBS late-pays reach 2009 low

14 May 2013   CMBS
US CMBS late-pays declined by 19bp in April to 7.44% from 7.63% a month earlier, according Fitch's l...

Reporting protocol released

14 May 2013   Risk Management
ISDA has launched the ISDA 2013 Reporting Protocol, which contains a counterparty's consent to the d...

Pro forma concerns raised on 375 Park

14 May 2013   CMBS
Fitch has released an unsolicited comment on CGCMT 2013-375P, a CMBS backed by a single loan on the...

Freddie embarks on portfolio sales

14 May 2013   RMBS
Freddie Mac is said to have put out a US$1bn bid-list, as it embarks on a sale of up to US$5bn in le...

US credit alliance established

14 May 2013   CLOs
HarbourVest Partners and CIFC Asset Management are forming a strategic partnership to work together...

Weaker performance forecast for UK BTL

14 May 2013   RMBS
The continued growth of the UK buy-to-let (BTL) market could lead to weaker future performance of th...

Credit opportunities fund eyes IPO

14 May 2013   Structured Finance
CVC Credit Partners European Opportunities Limited is embarking on an IPO of ordinary shares for a t...

Vendor targets EMEA growth

14 May 2013   Risk Management
Quantifi has appointed Bruno Piers de Raveschoot as head of EMEA. He will be based in London and ser...

Agency broadens CMBS ratings availability

14 May 2013   CMBS
Morningstar Credit Ratings has begun providing CMBS ratings to Trepp clients through the Trepp CMBS...

Moroccan covered bond rules prepped

13 May 2013   Structured Finance
Legislation for Africa's first covered bond market - in Morocco - is only at a p...

CVA tool brought to South African institutions

13 May 2013   Risk Management
Markit has announced a commercial partnership with IQ Business. It will leverage IQ's South African...

Coronado buy-back completed

13 May 2013   CDOs
Barclays Capital has waived the minimum tender condition of its tender offer to purchase for cash al...

DOJ fraud case to proceed

13 May 2013   RMBS
The US Department of Justice is set to proceed with its action against Bank of America in connection...

MTS branches out stateside

13 May 2013   Structured Finance
European electronic fixed income marketplace MTS plans to launch a platform for US institutional inv...

National, MBIA Inc ratings raised

13 May 2013   Structured Finance
S&P has raised its financial strength rating on National Public Finance Guarantee Corp to si...

Further Orchid deal transferred

10 May 2013   CDOs
Dock Street Capital Management has been appointed successor collateral manager on Orchid Structured...

CMBS servicer agreements boost presence

10 May 2013   CMBS
KeyBank Real Estate Capital has entered into a series of agreements that will substantially increase...

Collateralisation impact highlighted

10 May 2013   Risk Management
Achieving collateral efficiency and operational efficiency in a mixed clearing and collateralisation...

Rating agency announces next global SF head

10 May 2013   Structured Finance
James Wiemken is set to become senior md and global head of structured finance at S&P. He wi...

Bank, MBIA reach settlement

10 May 2013   Structured Finance
Société Générale has settled its pending litigations against MBI...

Distressed inventory trends examined

10 May 2013   RMBS
An analysis of Morningstar's Distressed Inventory Index suggests that over a one-year time period ov...

Great Lakes loan sale proposed

10 May 2013   ABS
The Higher Education Loan Authority of the State of Missouri (MOHELA) is proposing to sell approxima...

Limited CLO updates introduced

10 May 2013   CLOs
Moody's is rolling out limited updates to the determination of default and recovery rate assumptions...

Affordable housing to hit Sofoles RMBS?

10 May 2013   RMBS
Fitch warns that Mexican President Pena Nieto's affordable housing policies may have negative conseq...

UCO rating identifier unveiled

9 May 2013   Structured Finance
In line with a commitment to open communication in its change control process, S&P is introd...

CDS notionals continue to decline

9 May 2013   CDS
The BIS has released OTC derivatives statistics at end-December 2012. The data shows that notional a...

Wells notice disclosed

9 May 2013   RMBS
RBS has disclosed in its 1Q13 Interim Management Statement that it received a Wells notice from the...

MBIA ratings upgraded

9 May 2013   Structured Finance
S&P has raised its financial strength rating on MBIA Insurance Corp to single-B from triple-...

Cat bonds set for record issuance

9 May 2013   Insurance-linked securities
US$520m of catastrophe bond issuance was offset by US$352.5m of maturities in 1Q13, resulting in an...

Spanish special servicer established

9 May 2013   RMBS
Copernicus, a new Spanish special servicer, has been established to help clients deal with the count...

Low Euro CMBS repayments to continue

9 May 2013   CMBS
Moody's expects the repayment rate for European CMBS loans maturing in 2Q13 to remain at the histori...

Shelly Mac poised for issuance

9 May 2013   RMBS
The US SEC has declared effective a shelf registration statement filed by Shellpoint Partners last O...

Capital markets quintet on the move

9 May 2013   Structured Finance
A group of five partners from Dentons will leave the firm to join the capital markets practice of ri...

LMI ratings reviewed

9 May 2013   RMBS
S&P says that the ratings on some Australian and New Zealand prime RMBS could be affected by...

SFIG adds director, mulls permanent board

9 May 2013   Structured Finance
The Structured Finance Industry Group (SFIG) has named Richard Johns as executive director. He will...

Broker acquisition announced

9 May 2013   CDS
GFI Group has agreed to acquire certain assets of Phoenix Partners Group. It will take on around 32...

Lebanese MBS closed

8 May 2013   RMBS
BLC Bank and BSEC - Bemo Securitisation have closed a US$185m securitisation for Lebanese real estat...

Multifamily liquidation plan outlined

8 May 2013   CMBS
The court-appointed receiver for the estate of an alleged Ponzi scheme involving Management Solution...

Loan buy-backs benefit ZUNI RMBS

8 May 2013   RMBS
The ZUNI 2006-OA1 transaction last month received a payment of about US$50m emanating from loan buy-...

Dodd-Frank bills put forward

8 May 2013   Risk Management
The US House Financial Services Committee has passed a number of derivatives-related bills aimed at...

Unemployment weighs on Spanish housing

7 May 2013   RMBS
Spain's unemployment rate is anticipated to average 27.5% this year and next, peaking at 28.5% in 1Q...

New Taurus CMBS nears

7 May 2013   CMBS
Further details have emerged on Taurus 2013 (GMF1), the European multifamily CMBS that will refinanc...

SIX, Triangle in data partnership

7 May 2013   Structured Finance
Triangle Park is partnering with SIX Financial Information to provide clients with an expanded range...

PERILS coverage enhanced

7 May 2013   Insurance-linked securities
PERILS has extended its market coverage to include Italy, providing data for both earthquake and flo...

Euro SME deals remain 'uneconomic'

7 May 2013   Structured Finance
The market for European SME securitisations remains shut, despite significant spread contraction, Fi...

Wide-ranging rep, warranties settlement agreed

7 May 2013   RMBS
MBIA Inc and its subsidiaries have agreed a comprehensive settlement with Bank of America. MBIA Corp...

Fannie performance data published

7 May 2013   RMBS
Fannie Mae is to make loan-level credit performance data available on over 18 million single-family...

Advisory launches Connecticut credit unit

7 May 2013   Structured Finance
New York-based NewOak Capital has launched NewOak Credit Services in Danbury, Connecticut. The unit...

Solid performance for MM tranches

7 May 2013   Structured Finance
Money market (MM) tranches that are part of global structured finance transactions performed well th...

REIT makes two senior appointments

7 May 2013   RMBS
Two Harbors Investment Corp has appointed Marcin Urbaszek as md and promoted Victor Baev to the same...

Pension fund brings CDS antitrust suit

7 May 2013   CDS
The Sheet Metal Workers Local No. 33 Cleveland District Pension Plan has filed a class action lawsui...

Assured reaches RMBS settlement

7 May 2013   RMBS
Assured Guaranty has reached a settlement with UBS to resolve claims related to RMBS that were issue...

NY law firm adds partner

7 May 2013   CMBS
Morrison & Foerster has added partner Lawrence Ceriello to its real estate finance group in...

Servicer ratings, REO aging linked

7 May 2013   CMBS
There is a meaningful relationship between US CMBS servicer ratings and the aging of real estate own...

CMBS pay-offs trending upwards

7 May 2013   CMBS
The percentage of US CMBS loans paying off on their balloon date stood at 64.6% for April, according...

Insurer adds two to capital markets team

7 May 2013   Insurance-linked securities
Aon Benfield Securities has boosted its capital markets capabilities by adding Robert James and Mich...

RMBS vet joins Angel Oak

7 May 2013   RMBS
Thomas Dolan has joined Angel Oak Funding as md. He has significant mortgage capital markets experie...

Legal challenge to CFTC clearinghouse decisions

7 May 2013   Risk Management
The DTCC has filed a lawsuit challenging three interrelated actions by the US CFTC and asking a fede...

Agency appoints Canada chief

7 May 2013   Structured Finance
Fitch has named Andrew Smitiuch as senior director and Canadian business head. He will be based in T...

Capital raising mandate signed

3 May 2013   Structured Finance
Credit hedge fund manager Varden Pacific has mandated alternative assets placement agent MCAM Group...

Project Aspen JV formed

3 May 2013   Structured Finance
Ireland's NAMA and Starwood Capital Group have established a joint venture relating to the sale of N...

Strong card ABS performance continues

3 May 2013   ABS
Positive macro news and improving consumer health pushed US credit card ABS performance to levels no...

Ten-year conduit loans set to pay off

3 May 2013   CMBS
Of the US$14.4bn in Fitch-rated performing conduit CMBS loans set to mature this year, US$3.2bn (22....

RMBS shortfalls trending higher

3 May 2013   RMBS
Morningstar Credit Ratings has reviewed monthly occurrences of interest shortfalls for 1Q13. The dat...

CLO pricing service offered

3 May 2013   CLOs
Markit has launched a new pricing service for CLO tranches. The service covers more than 5,000 inves...

CMBS advisory firm launches

3 May 2013   CMBS
Sabal Financial Group has expanded its CMBS business by launching Sabal Commercial Advisors. Sabal C...

Difficult road ahead for FHFA nominee

2 May 2013   RMBS
President Obama has nominated Representative Mel Watt to replace Edward DeMarco as director of the F...

IRP RFC issued

2 May 2013   CMBS
The CRE Finance Council has released for comment version 7.0 of its investor reporting package (IRP)...

CMBS delinquency rate drops

2 May 2013   CMBS
At 9.03%, the Trepp CMBS delinquency rate last month posted its lowest reading in more than two year...

Cross-border swap rules proposed

2 May 2013   Risk Management
The US SEC has issued proposed rules and interpretive guidance for parties to cross-border security-...

REIT beefs up CRE capabilities

2 May 2013   CMBS
Annaly Capital Management has added several members to its commercial real estate platform. The addi...

Delaware law firm adds three

1 May 2013   Structured Finance
Potter Anderson & Corroon has added three Delaware attorneys, all of whom have structured fi...

PE data standard unveiled

1 May 2013   Risk Management
A number of major private equity firms have formed a new global industry alliance called the AltExch...

Varied mortgage origination practices eyed

1 May 2013   RMBS
Moody's notes in its latest ResiLandscape publication significant variations among US mortgage loan...

ABS, RMBS sales trio recruited

1 May 2013   ABS
Pierpont Securities has hired John Duffy, John Ou and Brian Hartmann to its sales team. The three he...

Fifth Libertas auction due

1 May 2013   CDOs
An auction for Libertas Preferred Funding I is set to take place on 21 May. An auction has been held...

Markit continues Latin push

1 May 2013   CDS
Markit has entered into a partnership with Agência Estado, whereby Agência Estado...

Bermuda cat firm adds PM

1 May 2013   Insurance-linked securities
Bermuda-based Pillar Capital Holdings has added Jeff Franklin as svp and portfolio manager. He repor...

Italian BUS appointments scrutinised

1 May 2013   Structured Finance
The appointment of a back-up servicer (BUS) in several Italian structured finance transactions has s...

CDS, LTG used to identify alpha

1 May 2013   CDS
Using a combination of long-term growth (LTG) consensus estimates paired with CDS spread signals has...

Scrutiny required for rehab loans

1 May 2013   ABS
US FFELP student loan ABS deals with larger concentrations of rehabilitation loans warrant additiona...

Spike seen in CMBS servicer activity

1 May 2013   CMBS
After two months of relatively low liquidation volumes, April saw a spike in CMBS servicer activity,...

Solid floorplan performance predicted

1 May 2013   ABS
Solid asset performance and higher auto sales will likely increase demand for wholesale dealer lendi...

Bankia credit event called

1 May 2013   CDS
ISDA's EMEA Determinations Committee has agreed that a restructuring credit event occurred in connec...

CMBS loss severities highlighted

1 May 2013   CMBS
Average US CMBS loss severities rose slightly to 50.5% last year, from 49.3% in 2011, according to F...

FHFA progress report published

1 May 2013   RMBS
The FHFA has released a progress report on the establishment a common securitisation infrastructure...

RALI note sales cancelled

30 April 2013   RMBS
Nationstar has cancelled the sale of bulk notes in RALI RMBS trusts conducted via Auction.com and do...

CMBS note sales due

30 April 2013   CMBS
Around 20 CMBS loans, totalling US$161m in outstanding balance, are due to be put up for bid on Auct...

Strong seasonal results for auto ABS

30 April 2013   ABS
US auto ABS posted stellar seasonal results last month, according to Fitch. Both losses and delinque...

Integrated risk solution announced

30 April 2013   Risk Management
Paladyne Systems has acquired the rights to the source code, development rights and unlimited distri...

SIV suit settled

30 April 2013   Structured Finance
Moody's, Morgan Stanley and S&P have settled out of court with Abu Dhabi Commercial Bank (AD...

First 'recycled' Euro CMBS prepped

30 April 2013   CMBS
At least six European CMBS transactions are expected to emerge over the next four to five months, al...

Countrywide provisions expose front-pays

29 April 2013   RMBS
Moody's notes in its latest ResiLandscape publication that some Countrywide RMBS transactions have p...

CMBS appraisal reduction trends analysed

29 April 2013   CMBS
Trepp has published a report examining how well appraisal reductions forecast actual CMBS loan losse...

Royal Park assets offloaded

29 April 2013   Structured Finance
The Belgian government has sold the Royal Park Investments (RPI) SPV to Lone Star and Credit Suisse...

RFC issued on Aussie RMBS proposal

29 April 2013   RMBS
Moody's has issued a request for comment regarding its proposed monitoring approach to assessing tai...

Office properties driving CMBS defaults

29 April 2013   CMBS
The cumulative default rate for fixed-rate US CMBS increased to 13.6% in 1Q13, an 18bp rise from yea...

CMBS sponsor's merger agreement challenged

29 April 2013   CMBS
Brookfield Office Properties and its affiliates have entered into a definitive merger agreement with...

GC adds reinsurance pro

29 April 2013   Insurance-linked securities
Guy Carpenter has appointed Stephen Mathews as md of GC Securities. He is based in New York and repo...

Dutch RMBS performance reviewed

29 April 2013   RMBS
Moody's has undertaken a performance review of the Dutch RMBS market and updated its portfolio loss...

Solar securitisation risks examined

26 April 2013   ABS
Moody's observes in its latest ABS Spotlight publication that four major credit risks arise in the s...

Rating stability forecast for Euro CLOs

26 April 2013   CLOs
Fitch expects European leveraged loan CLOs to maintain rating stability throughout the rest of 2013....

FLS set to depress RMBS issuance further

26 April 2013   RMBS
S&P believes that the extension of the Funding for Lending Scheme (FLS) will be at best neut...

Private, FFELP SLABS performance compared

25 April 2013   ABS
US private student loans originated after 2008 are currently defaulting at a lower rate than FFELP s...

Early amortisation likely for Canadian card ABS

25 April 2013   ABS
The impact of a rare instance of credit card ABS early amortisation in Canada is credit neutral for...

Instalment loan ABS under pressure

25 April 2013   ABS
The Japanese Consumer's Class Action bill - which was last week sent to the ordinary sessi...

Second auction due for CBO

25 April 2013   CDOs
An auction has been scheduled for the Trainer Wortham First Republic CBO III on 15 May. This is the...

Reporting tool enhanced

25 April 2013   Risk Management
Sapient Global Markets' Compliance Management and Reporting System (CMRS) now has the ability to fac...

Credit trading alliance created

25 April 2013   Structured Finance
BlackRock and MarketAxess have announced a strategic alliance to create a unified, open trading solu...

ABCP programmes restructured

25 April 2013   ABS
Deutsche Bank has implemented a complete overhaul of the programme documents for its Rhein-main Secu...

RBA unveils final reporting templates

25 April 2013   RMBS
The Reserve Bank of Australia (RBA) last week published the final reporting templates for issuers of...

LCDS auction results in

25 April 2013   CDS
The final results of the Dex Media West and SuperMedia LCDS auctions are 79 and 74.625 respectively....

Residential mortgage vet enlisted

25 April 2013   RMBS
Five Oaks Investment Corp has appointed David Akre to the senior management team of its external man...

Conduit leverage nearing inflection point

25 April 2013   CMBS
Loans in US conduit CMBS transactions rated by Moody's in 1Q13 had an average Moody's loan-to-value...

Allocations cap weighs on FFELP SLABS

25 April 2013   ABS
Fitch believes that it is possible for an obscure aspect of the Budget Control Act of 2011 to affect...

Trups CDO deferral cures hit highs

25 April 2013   CDOs
Combined defaults and deferrals for US bank Trups CDOs has further decreased to 28.2% at the end of...

Operations benchmarking survey published

25 April 2013   Risk Management
ISDA has released its 2013 operations benchmarking, which identifies and tracks operations processin...

New ISDA directors confirmed

25 April 2013   CDS
ISDA has elected 12 directors at is latest AGM in Singapore. This includes new directors Sotaro Kato...

European SF research head added

24 April 2013   Structured Finance
Gordon Kerr has joined DBRS as head of structured finance research for Europe, based in London. He j...

Patriarch adds CDO specialist

24 April 2013   CDOs
Guillaume Fillebeen has been made vp at Patriarch Partners in New York. He was most recently at PF2...

FLS extension agreed

24 April 2013   Structured Finance
The Bank of England and the UK Treasury have extended the Funding for Lending Scheme (FLS) by one ye...

Small lenders to lose out under AOFM action?

24 April 2013   RMBS
Moody's says it doesn't expect the end of the AOFM's investments in RMBS (SCI 10 April) to have any...

CRA roundtable agenda announced

24 April 2013   Structured Finance
The US SEC has announced the agenda for its credit ratings roundtable, which will be held on 14 May....

Standardised IRS confirm published

24 April 2013   Risk Management
ISDA has published a form of confirmation for a market agreed coupon (MAC) contract as an additional...

Private-label policy proposals released

24 April 2013   RMBS
As part of its ongoing white paper series, the ASF has released a report entitled 'ASF Policy Propos...

Refinanced CLO notes syndicated

23 April 2013   CLOs
The triple-A, single-A and triple-B rated tranches of the 2011-vintage OHA Intrepid Leveraged Loan F...

Regional variation seen in Euro auto ABS

23 April 2013   ABS
Strong collateral performance over the financial crisis and recent economic downturn continue to und...

Improved origination, servicing for Russian RMBS

23 April 2013   RMBS
Stable performance and improving origination and servicing standards underpin Moody's current stable...

Third-party capital boosts convergence market

23 April 2013   Insurance-linked securities
The emergence of third-party capital vehicles designed to provide investors with direct access to in...

Pace of improvement slowing for card ABS

23 April 2013   ABS
US credit card ABS charge-offs and delinquencies fell once again last quarter. However, the pace of...

RFC issued on tail risk adjustments

23 April 2013   RMBS
Moody's is requesting comment from market participants on proposed adjustments to its monitoring app...

Large loan CMBS collateral warning

23 April 2013   CMBS
US large loan CMBS issuance has been robust, with over US$11bn expected to come to market in the fir...

Asian OTC market poised for growth

23 April 2013   Risk Management
The OTC derivatives markets are poised for further growth in Asia, according to a report published b...

UK-linked deals downgraded

23 April 2013   Structured Finance
Fitch has downgraded 32 tranches and affirmed three tranches of 11 structured finance transactions t...

Valuations service strengthened

23 April 2013   Risk Management
Markit has added a range of risk and scenario analysis tools to its portfolio valuations service. Th...

Asset sourcing, risk retention key for Euro CLOs

23 April 2013   CLOs
The ability to source loans and retain risk will be key for CLO managers launching new European CLOs...

Walnut Hill loan watchlisted

23 April 2013   CMBS
Morningstar has added the US$23.1m Walnut Hill Plaza loan, securitised in MLCFC 2006-3, to its watch...

 
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