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Issue 349 - 14th August

  • News Analysis

    • RMBS

      • Rising opposition

        Eminent domain success in doubt

        Successful implementation of Richmond, California's eminent domain plan (SCI 31 July) and widespread adoption of similar exercises by other cities is said to be unlikely. Nevertheless, it has introduced more uncertainty to the non-agency RMBS market....

  • Market Reports

    • ABS

      • Diversity seen in secondary ABS

        US ABS secondary trading remained active yesterday, with elevated supply observed in auto paper in particular. A rare bond from a tobacco-related litigation fee securitisation was also out for the bid. A list of short WAL senior 2011-2012 vintage b...

    • RMBS

      • Large list leads RMBS surge

        A CDO liquidation and large legacy bid-list helped boost US RMBS secondary supply yesterday, with around US$1.2bn of non-agency BWIC volume observed. Senior tranches dominated, while investors were mainly focused on subprime paper. The legacy list...

  • News

    • Structured Finance

      • SCI Start the Week - 12 August

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

        PipelineIn a week in which many deals joined the pipeline and left soon after, CMBS accounted for the majority of those that remained. Three new ABS deals were also announced. Two of those ABS (US$779m Capital Auto Receivables Asset Trust 2013-3 an...

    • CMBS

      • Expected losses upped for FLTST 3

        All loans securitised in the Fleet Street Finance 3 CMBS are now in default, following last week's transfer into special servicing of the €49.4m Saxony loan. Barclays Capital securitisation strategists expect the deal to suffer additional p...

  • Job Swaps

    • Structured Finance
    • CLOs

      • Fixed income PM appointed

        Jon Jonsson has joined Neuberger Berman as md. He is based in London and joins from JPMorgan, where...

    • CMBS
    • Insurance-linked securities

      • Strategy director named

        Clayton Euro Risk has appointed Konstantine 'Gus' Pastras to the newly-created position of client de...

  • News Round-up

    • CDO

      • RFC issued on PF CDOs

        Moody's has published a request for comment (RFC) on its proposed approach to rating CDOs backed by...

    • Insurance-linked securities

      • Private cat bond listed

        Kane has launched an independent private catastrophe bond platform called Kane SAC Limited. The inau...

    • Risk Management

      • APRA releases CLF guidance

        The Australian Prudential Regulation Authority has provided further detail on its approach to the im...

      • Final TR report issued

        CPSS and IOSCO have published a report entitled 'Authorities' access to trade repository data'. The...

      • RMBS loss criteria updated

        Fitch has updated its criteria for estimating losses on US mortgage pools for RMBS, as part of its a...


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