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Issue 418 - 24th December

  • News Analysis

    • Structured Finance
      • Is this it?

        First ABSPP purchases underwhelm market

        Purchase volumes in the first few weeks of the ECB's ABSPP have disappointed market participants. The utility of the purchase programme is also in question unless the mezzanine buyer base can be expanded. Last week, ABSPP purchases dropped to &...

      • Hiring logjam?

        Waiting game leaves recruitment on hold

        Recruitment in the structured finance space remains somewhat stagnant. While market players await regulatory clarity in the US, positive sentiment in Europe is yet to translate into increased hiring activity. The European securitisation market has...


  • SCIWire

    • CLOs
      • US CLOs stay busy

        Unlike most other securitised markets, year-end is driving business in US CLOs rather than hindering...

      • US CLOs cleaning up

        Today sees another strong BWIC schedule in the US CLO market with five lists already circulating. ...

      • US RMBS eases off

        The US non-agency RMBS market remains busy by December standards, but even here there is sense of a...

      • US CLO trend emerging

        US CLOs are seeing an even quieter day today than yesterday, but there are already signs of a potent...

      • US RMBS looks for a spark

        The US non-agency RMBS market is quiet today, but could still spark back into life despite year-end...


  • News

    • RMBS
      • Ocwen settles NY charges

        Ocwen Financial has reached a settlement with the NYDFS to address its violations of a consent order issued by the regulator in 2012, as well as various violations of its agreement with the regulator in connection with its purchase of Litton Loan Ser...


  • Talking Point

    • Structured Finance
      • Call for clarity

        Transparency at the forefront of CRA debate

        Panellists at SCI's recent London conference discussed the implications of credit rating agency (CRA) regulation in Europe. While they welcomed the increased competition and transparency brought by CRA 3, some issues remain outstanding. Andrew Curr...


  • Job Swaps

    • Structured Finance
      • DBRS buyout agreed

        The Carlyle Group and Warburg Pincus, in partnership with a consortium of Canadian-based investors &...

    • CDO
      • Taberna manager replaced

        TP Management has replaced Taberna Capital Management as collateral manager for both Taberna Preferr...

    • Insurance-linked securities
      • ILS manager moves

        Wilmington Trust has hired Robert Bilodeau as a senior relationship manager in its insurance collate...

      • ILS expert joins board

        Clive O'Connell has joined Twelve Capital's board of directors as vice-chairman and a non-executive...

      • AQR adds underwriter

        Chris Conway has joined AQR as an underwriter for the firm. He will focus on underwriting internatio...

    • Risk Management
      • GFI bid increased

        BGC Partners has increased its fully financed, all-cash tender offer to acquire all of the outstandi...

    • RMBS
      • GSE vet joins Redwood

        Redwood Trust has added Karen Pallotta to its board of directors. She was at Fannie Mae for more tha...


  • News Round-up

      • Economy spurs CMBS on

        The macro economy and low interest rates contributed to continued growth in the commercial real esta...

      • CMBS delinquencies down

        The delinquent unpaid balance for US CMBS fell to US$30.92bn in November, says Morningstar. This is...

      • Texas house prices surge

        Texas has surpassed California and now has the most overvalued housing market in the US, says Fitch....



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