SCI Start the Week - 18 September

SCI Start the Week - 18 September

Monday 18 September 2023 11:05 London/ 06.05 New York/ 19.05 Tokyo

A review of SCI's latest content

Last week's news and analysis
BXCI to offer 'one-stop solution'
Updates on Blackstone’s integration, Ginnie’s social bond and YieldStreet’s settlement
Italian SME boost
EIB Group and Deutsche Bank close synthetic securitisation
Job swaps weekly: M&G poaches Pimco's Scott
People moves and key promotions in securitisation
CLO issuance takes flight in active summer
NPL proposal questioned
ABS industry baulks at Italian borrower buy-back plan
Opening broadside
House subcommittee slams July 27 capital rules
Optimistic outlook
SRT Market update
Pressure on UK BTL loans in RMBS portfolios
Updates on BTL headwinds, Santander’s PF CLO and US VCs in Europe
RFC issued on CLO good practices
Updates on IOSCO call from improvement and Bayfront’s latest infrastructure ABS
Risk transfer round-up - 14 September
The week's CRT developments and deal news
Deal-focused updates from our ABS Markets and CLO Markets services


Recent premium research to download
Emerging UK RMBS – July 2023
The return of 100% mortgages and the rise of later-life lenders herald an evolving UK RMBS landscape. This Premium Content article investigates how mortgage borrowers’ changing needs are being addressed.

Office CMBS – July 2023
The office CMBS market is grappling with headwinds brought about by declining occupancy rates and rising costs of borrowing. However, as this Premium Content article finds, the European CRE market may not be as badly affected as its US counterpart.

CRT counterparty risk – May 2023
Recent banking instability is unlikely to result in contractual changes in synthetic securitisations, but structural divergences are emerging. This Premium Content article investigates further.

‘Socialwashing’ concerns – May 2023
Concerns around ‘socialwashing’ remain, despite recent advances in defining social securitisations. This Premium Content article investigates why the ‘social’ side of ESG securitisation is more complex than its ‘green’ cousin.

European solar ABS – May 2023
Continental solar ABS is primed for growth as governments and consumers seek energy independence. This Premium Content article investigates.

All of SCI’s premium content articles can be found here.

SCI In Conversation podcast
In the latest episode, Guy Carpenter's md, mortgage and structured credit segment leader Jeff Krohn talks about the recent shape of events in the GSE CRT sector, from the perspective of the capital markets and reinsurance market. He also touches on the topic of recent issuance - or the lack of it - from mortgage insurers and looks as well forward to the prospect of greater issuance in the CRT sector by US banks.
The podcast can be accessed wherever you usually get your podcasts, including Apple Podcasts and Spotify (just search for ‘SCI In Conversation’), or by clicking here.

SCI Markets
SCI Markets provides deal-focused information on the global CLO and Australian/European/UK ABS/MBS primary and secondary markets. It offers intra-day updates and searchable deal databases alongside CLO BWIC pricing and commentary. Please email Tauseef Asri at SCI for more information or to set up a free trial here.

SRTx benchmark
SCI has launched SRTx (Significant Risk Transfer Index), a new benchmark that measures the estimated prevailing new-issue price spread for generic private market risk transfer transactions. Calculated and rebalanced on a monthly basis by Mark Fontanilla & Co, the index provides market participants with a benchmark reference point for pricing in the private risk transfer market by aggregating issuer and investor views on pricing. For more information on SRTx or to register your interest as a contributor, click here.

Upcoming SCI events
Women In Risk Sharing
18 October 2023, London

SCI's 9th Annual Capital Relief Trades Seminar
19 October 2023, London

Esoteric ABS Seminar
7 November 2023, New York

European CRE Finance Seminar
28 November 2023, London