Weekly Issue Archive
News Analysis
ABS
-
Monthly international ABS activity reaches 2025 peak in September
Monthly European ABS issuance reaches annual high as portfolio managers hail consumer and mortgage-b...
The European ABS market picked up pace in September, following a quiet August, with high levels of issuance and strong investor appetite. The total of 42 international ABS deals recorded by SCI during the month is the highest number since October 202...
-
Siepe builds for scale as the lines between private credit and structured finance blur
New hires and fresh investment driving global expansion and product innovations as convergence conti...
Siepe is gearing up for its next growth phase following a recent WestCap investment and a wave of new client wins. The firm sees itself as sitting at the centre of a convergence between private credit, asset-based financing and broadly syndicated...
-
SCI In Conversation Podcast: Pietro Bellone, A&O Shearman
We discuss the hottest topics in securitisation today...
In this episode of SCI In Conversation, Pietro Bellone, structured finance and securitisation partner at A&O Shearman, joins SCI senior reporter Nadezhda Bratanova to discuss current SRT trends such as the role of infrastructure and...
SRT Market Update
Capital Relief Trades
-
UK lender securitises CRE exposure
SRT market update
Lloyds Bank is expected to price a £500m synthetic securitisation referencing a portfolio of CRE exposures by the end of this week (week-ending October 31), sources tell SCI. The transaction is part of the UK lender’s...
-
New UK CRE deal attracts strong investor interest
SRT market update
NatWest is progressing with a synthetic CRE transaction, with an expected closing in early December. The reference portfolio size is reported at £3bn. Notably, the portfolio is not yet tranched, suggesting final negotia...
-
European expansion
SRT market update
Deutsche Pfandbriefbank is in market with a €2bn synthetic securitisation referencing US loans, SCI learns. The deal is expected to close in early 2026 and marks another step in the bank’s active capital management strategy, source...
News
ABS
-
Santander leading uptick in European ABS volumes
Demand for paper trumps selective risk assessment amid robust investor appetite
The European securitisation market is undergoing a period of significant expansion, following the end of quantitative easing in 2023. This year is already on track to overtake the post-2008 issuance record set in 2024, with over €115bn of ne...
-
ABF Deal Digest: Barclays expands US consumer finance footprint with Best Egg acquisition
A weekly roundup of private asset-backed financing activity
This week’s roundup of private ABF activity sees Barclays US Consumer Bank strengthen its consumer loan origination platform with the acquisition of direct-to-consumer lender Best Egg. Elsewhere, Wafra has seeded a newly formed specialty fi...
-
UK SRT policy finalised
PRA publishes near-final policy statement
The PRA has confirmed key targeted policy changes for securitisation, providing (much-needed) clarity for the UK SRT market. The final rules, set for implementation in January 2027, cement the PRA's singular approach to capital treatment for syntheti...
-
SCI Risk Sharing Awards: SRT Team of the Year
Winner: Seer Capital
Seer Capital’s regular and accessible research publications are widely viewed as the gold standard for intelligence on SRTs, showcasing a high level of market knowledge and often addressing misconceptions about the product or other advocacy...
-
SCI Risk Sharing Awards: Outstanding Contribution to SRT
Winners: Georges Duponcheele and William Perraudin
SCI’s 2025 Outstanding Contribution to SRT Award celebrates Great Lakes Insurance senior credit portfolio manager Georges Duponcheele and Risk Control md William Perraudin, and their longstanding efforts and contribution to the industry&...
-
SCI Risk Sharing Awards: European Law Firm of the Year
Winner: A&O Shearman
A&O Shearman’s CRT platform is a unique offering: fully transatlantic capability, trusted counsel to both the sell-side and buy-side, and a key player in industry advocacy. As such, is SCI’s European Law Firm of the Year i...
-
SCI Risk Sharing Awards: North American Law Firm of the Year
Winner: Mayer Brown
Mayer Brown prides itself on providing US market participants with comprehensive, cutting-edge legal counsel for risk transfer transactions, combining deep technical expertise with practical, hands-on experience. For the breadth of its representation...
-
SCI Risk Sharing Awards: Service Provider of the Year
Winner: Cardo AI
The degree of automation and scalability provided by the Cardo AI platform creates genuine efficiency in the portfolio optimisation process. For pioneering the application of AI technology to the structuring, monitoring and analytics reporting of SRT...
-
UK's largest master trust appoints Invesco for triple-A CLO allocation
Scheme targets higher yields and diversification through Invesco-managed triple-A CLO exposure
Invesco has been appointed to manage over £260m in triple-A CLO debt for the UK’s largest commercial master trust, People’s Pension. According to the asset manager, with over $2.1tn in AUM, this marks the firs...
-
US pension fund backs Canyon Partners with new commitment
Canyon CLO Fund IV extends firm's two-decade CLO track record, targeting US and European equity...
Texas County & District Retirement System (TCDRS) has committed US$74.3m to Canyon CLO Fund IV, adding to a wave of institutional allocations into CLO equity strategies. The investment appears under the pension’s latest str...
The Structured Credit Interview
CLOs
-
Digital credit pioneer sees blockchain as natural fit for CLO mechanics
Sam Paderewski co-founder of Grove - incubated by Steakhouse Financial – answers SCI's questio...
Paderewski previously spent five years as an investment analyst at Hildene Capital Management and four years on Citi’s CLO structuring and syndicate team. He shares his insights on the digitalisation of credit markets. Q: CLOs are already...
Market Moves
ABS
-
Job swaps weekly: Barclays names New York ABS and RMBS co-heads
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Barclays elevate a pair of mds to lead its New York ABS and RMBS efforts. Elsewhere, Morningstar DBRS has opened a new regional hub in Sydney, while Chapman and Cutler has poached an asse...