Structured Credit Investor SCI's Capital Relief Trades Seminar 2018
Pre-emptive lawsuits envisaged

Pre-emptive lawsuits envisaged

Pre-emptive lawsuits envisaged

Friday 3 November 2017 14:05 London/ 09.05 New York/ 22.05 Tokyo

Category: ABS

The threat of significant losses has sparked concern that the US subprime auto ABS sector could see pre-emptive legal actions emerging. With spreads continuing to tighten in the face of increasing delinquencies, investors may start to question whether they are being adequately compensated for the risks involved.

Joe Cioffi, partner at Davis and Gilbert, says that while losses in subprime ...

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Pre-emptive lawsuits envisaged