A review of SCI's latest content
IWD: Breaking the bias in structured finance
International Women’s Day, on 8 March, is an opportunity both to celebrate women across the globe from all walks of life and to strive further for their equality. This year, the IWD campaign is #BreakTheBias and we at SCI have compiled a series of interviews and insights – that will be published today through Wednesday – with the aim of helping to do just that within the securitisation industry.
Efforts to embrace diversity may sadly still only be window-dressing in the case of the structured credit market. As Reed Smith EME managing partner and structured finance head Tamara Box argues in the first article in our IWD series, the problem is not a lack of qualification; it is a lack of recognition.
In the second of our IWD pieces, DBRS Morningstar structured finance research svp Stephanie Mah underlines how diversity can boost a business’ bottom line. “Racial and gender diversity - especially across a multitude of cultures - ushers in different and more comprehensive skills, viewpoints and strengths,” she explains. Pay equity is paramount in retaining this diversity.
For the third article in the series, SCI deputy editor Angela Sharda sat down with Alston & Bird’s structured finance practice leaders to discuss how recruitment and retention policies, as well as mentoring programmes, can cultivate diverse talent and provide meaningful opportunities. The practice is notable in the industry for being led by female partners and for women making up the majority of the overall team.
In the final article of SCI’s series celebrating International Women’s Day, Allen & Overy securitisation partner Lucy Oddy cites a winning combination of supportive male colleagues and senior female role models – rather than luck – as the reason she works in a team full of female talent. Her message to junior women working their way up the ladder is a quote from fictional teddy bear Winnie the Pooh: “You are braver than you believe, stronger than you feel and smarter than you think.”
Across this series of articles, we look at the challenges women continue to face in the workplace, their journey into leadership roles, how they tackle issues around diversity and their advice to aspiring women leaders within the securitisation market. We hope that you enjoy reading the series and that you will join us in celebrating the inspirational, motivated and dedicated women working across the structured finance sector.
Last week's news and analysis
Capital trouble
The final ECRF rule fails to remove impediments
Feedback loop
CRE CLO confluence to continue?
Ramp up continues
BMO completes leveraged loan SRT
Team building
Kuvare Insurance Services answers SCI's questions
Transitioning to green
Call for EU GBS to be extended to securitisation
War time blues
International turmoil adds to CRT distress
Which probability is the probability of default?
Two ways of conceptualising probability of default
For all of last week’s stories including ‘Market moves’ and ‘Risk transfer round-up’ click here.
SCI CLO Markets
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Recent Premium research to download
CLO Control Equity - March 2022
CLO equity is back in vogue and is attracting attention for all the right reasons. As this Premium Content article suggests, for suitably prepared investors, taking a majority position can increase the benefits still further.
Stablecoin and securitisation - February 2022
Appropriate regulation of digital payment could pave the way for the issuance of securitisations in stablecoins. However, this Premium Content article argues that further standardisation across the blockchain ecosystem is needed for the technology to reach a critical mass.
US auto CLNs - February 2022
Santander’s recent auto CRT echoed those previously issued by JPMorgan Chase. This Premium Content article examines the similarities and differences between the transactions.
Irish & UK Banking Evolution - October 2021
Consolidation among lenders and the proliferation of fintechs is driving change in the Irish and UK banking sectors. This Premium Content article investigates the impact on the jurisdictions’ RMBS markets.
SCI Events calendar: 2022
SCI’s 1st Annual ESG Securitisation Seminar
16 March 2022, London
SCI’s 6th Annual Risk Transfer & Synthetics Seminar
27 April 2022, New York
SCI’s 3rd Annual Middle Market CLO Seminar
June 2022, New York
SCI’s 4th Annual NPL Securitisation Seminar
September 2022, Milan
SCI’s 8th Annual Capital Relief Trades Seminar
October 2022, London