Weekly Issue Archive »

Issue 254 - 5th October

  • News Analysis

    • Risk Management

      • Illiquidity option

        Contingent capital alternatives touted

        Banks will need to raise an estimated US$900bn in extra capital to meet the liquidity requirements of Basel 3 and other systemic risk management initiatives. Contingent capital has long been mooted as part of the solution and at least one new financi...

    • ABS

      • Structured comeback?

        Government adoption could help alleviate Eurozone debt crisis

        As nations struggle to tackle the Eurozone debt crisis, a fresh call has been made for European governments to consider structured finance solutions. An alternative option of a European version of TARP is also on the cards. Leveraging state-owned a...

    • CMBS

      • Sustained shortfalls?

        Concerns remain over Beacon Seattle loan mod

        Nearly a year has passed since modifications to the US$2.7bn Beacon Seattle & DC Portfolio loan were set in motion. However, with concerns over equity shortfalls at maturity and the inability of some servicers to protect senior bondholders' r...

    • ABS

      • Answers provided

        EBA clarifies Article 122a risk retention issues

        The European Banking Authority (EBA) has published a set of answers to questions received about Article 122a of the EU's capital requirements directive. In "a huge step forward for the market", the answers build on the CEBS guidelines from December 2...

  • Market Reports

    • CMBS

      • Reaction needed for US CMBS

        The US CMBS market spent last week waiting on news from Europe, but the launch of a new market index and the arrival of a floating rate deal this week should generate interest. Whether this interest translates into increased activity remains to be se...

  • News

    • ABS

      • SCI Start the Week - 3 October

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

        PipelineAnother US CMBS - the $619m COMM 2011-FL1 - entered the pipeline last week, together with a New Zealand auto lease ABS, the NZ$250.5m FP Ignition Trust 2011-1. Additionally, HSBC and Lloyds TSB are prepping UK credit card...

  • Job Swaps

    • CDS

      • Ex-BlueBay vets form fund

        Northill Capital has formed Goldbridge Capital Partners, a new European credit asset management comp...

      • Credit trading vet hired

        Gleacher & Company Securities has recruited Jerry Lee as md, responsible for leading and exp...

      • Credit mandate announced

        GLG Ore Hill has announced that it has raised US$200m for a large institutional client's credit mand...

      • Opportunity fund prepped

        3i Debt Management has recruited Rob Reynolds as the head of its new credit opportunity fund (COF),...

      • RMBS class action settled

        Dynex Capital has entered into a memorandum of understanding reflecting an agreement in principle to...

  • News Round-up

      • CLEF buy-back completed

        Groupe Eurotunnel has bought back €110m of Channel Link Enterprises Finance (CLEF) notes a...

    • CDS

      • Key Basel agenda finalised

        The Basel Committee has agreed on a range of measures to finalise key elements of its policy agenda...

    • CLOs

      • SME programme proposed

        The UK government unveiled at its party conference preliminary details of an initiative aimed at bol...

      • DQT edges down

        The delinquency rate on loans included in US CMBS conduit/fusion transactions fell by 23bp in August...

    • Risk Management

      • Pricing service unveiled

        RiskSpan has released a proprietary independent daily pricing service for structured products and mo...

      • Bank credit model minted

        Fitch Solutions has launched its new Bank Credit Model to provide daily financial implied ratings an...


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