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Issue 587 - 20th April

  • News Analysis

    • NPLs
      • Swiss mortgage portfolio sale eyed

        BNP Paribas last week acquired Raiffeisen Bank Polska (Polbank), the Polish subsidiary of Raiffeisen Bank International (RBI), but carved out from the acquisition a portfolio of mainly Swiss franc-denominated foreign currency residential mortgages. T...

    • Capital Relief Trades
      • Proportional protection reviewed

        EU policymakers are currently negotiating an amendment to Article 234 of the CRR that would allow banks to treat first-loss protection as proportional protection. If successful, the move is expected to boost mortgage significant risk transfer issuanc...


  • News

    • Structured Finance
      • SCI Start the Week - 16 April

        A look at the major activity in structured finance over the past seven days

        Pipeline The newly-announced transactions remaining in the pipeline at the end of last week comprised ABS and RMBS. The ABS deals were backed by auto, equipment and whole business collateral. The auto ABS were: US$611m Canadian Pacer Auto Receivab...

      • Libor transition frailties exposed

        The New York Fed has begun publishing the Secured Overnight Financing Rate (SOFR), a much-touted Libor replacement, despite industry participants suggesting that a thorough plan has yet to be made for the transition away from the benchmark. At the sa...

    • Capital Relief Trades
      • Risk transfer round-up - 20 April

        The capital relief trades market is undergoing a quiet period, following some unusual activity for Q1. Sources point to three transactions during this period from Deutsche Bank, Credit Suisse and a “UK bank with a non-standard portfolio&...

    • NPLs
      • NPL partnership inked

        Intesa Sanpaolo and Intrum have agreed to form a strategic partnership in respect of non-performing loans. The agreement involves two transactions, including what is expected to be a landmark securitisation for the Italian market. Under the partner...


  • Market Moves

    • Structured Finance
      • Market moves - 20 April

        Acquisitions BlackRock has acquired Tennenbaum Capital Partners (TCP), complementing its global credit business at a time when clients are increasingly turning to private credit as a higher-yielding alternative to traditional fixed income allocatio...



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