Weekly Issue Archive »

Issue 484 - 15th April

  • News Analysis

    • Insurance-linked securities

      • Hedging operation

        Debut oprisk ILS prepped

        Credit Suisse is prepping a unique Sfr700m ILS deal. Referred to as OperationalRe, it will utilise catastrophe bond and ILS technology to hedge a portion of the bank's operational risk and is believed to be the first transaction of its kind. Althou...

      • Consolidation concerns

        M&A may compromise pricing vendor choice and innovation

        The consolidation of evaluated pricing firms poses a number of concerns for the securitisation and derivatives markets. A diminishing number of independent pricing points, the potential for higher service charges and a possible threat to innovation a...

    • CLOs

      • On the rebound

        US CLO spreads, issuance rallying

        The December to February period was the worst experienced by the US CLO market since the financial crisis, but the subsequent rally in commodities and high yield has enabled most of the returns lost during that period to be regained. Cleaner portfoli...

  • SCIWire

    • Secondary markets

      • Euro secondary solid

        The European securitisation secondary market remains solid but fairly quiet. Tone remains firm acr...

      • US CLOs continue

        The positive trend in the US CLO secondary market is continuing. "Demand for bonds continues and c...

      • Euro secondary selective

        Trading continues to be selective across the European securitisation secondary market. "Yesterday...

      • US CLOs add variety

        It looks set to be another busy day in the US CLO secondary market with today's auction schedule inv...

      • Euro CLOs stay active

        The recent uptick in activity in the European CLO secondary market is continuing. "There's more ac...

      • US CMBS shaped by primary

        New issuance pricing and trends are shaping what's happening in the US non-agency CMBS secondary mar...

  • News

    • Structured Finance

      • SCI Start the Week - 11 April

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

        Pipeline Pipeline activity picked up again last week. There were 10 ABS additions, as well as an RMBS, two CMBS and two CLOs. The ABS were: US$220.33m American Credit Acceptance Receivables Trust 2016-2; €549.1m Bumper 7; US$1.175bn Ca...

      • Appetite strong for marketplace loans

        A poll of 300 institutional investors suggests that appetite for marketplace loans remains strong. The second survey conducted by Richards Kibbe and Orbe, in partnership with Wharton Fintech, finds that a greater number of institutional investors are...

      • Marketplace challenges weighed

        Expanded access to the ABS markets will be important to the industry's growth, according to a new survey of marketplace lending regulations compiled by Chapman and Cutler. The study also highlights several difficulties that are unique to marketplace...

    • NPLs

      • Italian policy changes welcomed

        The Italian government is proposing to create a €5bn fund capitalised by the strongest financial institutions in Italy, together with the government-owned entity Cassa Depositi e Prestiti. The move is part of new measures to support the ban...

  • Job Swaps

    • Structured Finance

      • Mortgage REITs merge

        Annaly Capital Management is set to acquire Hatteras Financial Corp for a consideration to be paid i...

    • Insurance-linked securities

      • Bermuda law firm beefs up

        Harneys has recruited corporate and insurance lawyer Michael Skrbic as counsel in its Bermuda office...

    • Risk Management

      • ISDA directors elected

        ISDA has announced the election of 10 directors at its 31st Annual General Meeting in Tokyo. A furth...

    • RMBS

  • News Round-up

    • CLOs

      • Retail heads CLO fears

        Retail is seen as the most troubling non-commodity sector for the global CLO market, accord...

    • CMBS

      • WINDM VII case dismissed

        Justice Snowden last week handed down judgment of the English High Court in the Windermere VII Part...

      • CRE fund closes

        Venn Partners has secured £185m of institutional investment for the second close of its CRE...

      • Cat bond fund launched

        Lombard Odier IM has launched its first catastrophe bond fund, following its recruitment dr...

    • NPLs

      • Further NPLs up for bid

        Fannie Mae has announced its latest sale of non-performing loans, including a third Community Impact...

      • CRT TRID impact gauged

        Credit risk transfer RMBS issued by Fannie Mae and Freddie Mac are likely to incur only small losses...

      • Kroll quells TRID fears

        Kroll Bond Rating Agency has published an opinion that tackles some of the key concerns that are sur...


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