Weekly Issue Archive »

Issue 490 - 27th May

  • News Analysis

    • CMBS

      • Retention relief?

        CMBS preservation bill hangs on Congress

        The US CMBS market is seeking some breathing space as issuers ramp up their compliance measures ahead of the implementation of risk retention rules at year-end. Participants are keenly watching the progress through Congress of a bill that proposes so...

  • SCIWire

    • Secondary markets

      • Euro secondary patchy

        Activity in the European securitisation secondary market remains very patchy. Despite a positive e...

      • US CLOs seeking stability

        The US CLO secondary market is still trying to find a more stable footing following the conclusion o...

      • Euro secondary picking up

        European ABS activity is picking up as market sentiment improves. "Right now activity is actually...

      • Euro secondary strengthens

        The European securitisation secondary market is continuing to strengthen. "Market tone continues t...

      • US CLOs still bearish

        The US CLO secondary market continues to show bearish tendencies this week as traders wait and prep...

  • News

    • Structured Finance

      • SCI Start the Week - 23 May

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

        Pipeline ABS additions to the pipeline carried on last week at a good pace, as 11 such deals joined. There was also a single ILS and five RMBS. The ABS were: US$513m Ally Auto Receivables Trust 2016-3; US$364m Avis Budget Series 2016-2; €...

      • 'Wrong' Madden verdict 'should stand'

        The US solicitor general says that the controversial decision in Madden v Midland Funding (SCI passim) was incorrect and "reflects an unduly crabbed conception of [National Bank Act] pre-emption". However, the solicitor general does not believe that...

  • Provider Profile

      • Transparency drive

        Robert Vincini, head of pricing service specialists at Thomson Reuters, answers SCI's questions

        Q: How and when did your firm become involved in the pricing and valuations business? How has your service evolved in recent years? A: We started in 1991 as EJV Partners (Electronic Joint Venture). Reuters purchased certain assets of Bridge - includ...

  • Job Swaps

    • Structured Finance

      • BDC buys out rival

        Ares Capital is set to acquire American Capital in a deal that will form a combined company worth mo...

      • Credit pro recruited

        Capula Investment Management has hired Daniel Escobar as a portfolio manager. Escobar joins...

    • CMBS

      • CRE pro launches firm

        Former Avison Young principal David Eyzenberg has launched his own firm, Eyzenberg & Company...

    • Risk Management

      • Pricing exec recruited

        Markit has appointed Frank Dos Santos as head of North America business strategy for its fixed incom...

  • News Round-up

    • Structured Finance

      • Debut GBA assigned

        Moody's has assigned its first green bond assessment (GBA) of GB1 to Green Storm 2016, a green Dutch...

      • PREPA gets first payment

        PREPA reached its first agreement with creditors last week, which will see them pay an initial US$55...

      • Indian market resurgent

        Indian rated securitisation issuance volume has grown by 45% in the 2016 fiscal year to aro...

    • CLOs

      • CLO amendments implemented

        The transaction documents of Richmond Park CLO have been amended in order to allow the rated notes t...

    • CMBS

      • Wildfire exposure gauged

        DBRS has identified 12 loans across nine Canadian CMBS, with a current outstanding balance of C$145....

      • NOI trends analysed

        Moody's has published a mid-year update on net operating income (NOI) trends for the main types of c...

    • Insurance-linked securities

      • Pandemic ILS prepped

        The World Bank Group has launched the Pandemic Emergency Financing Facility (PEF), a global financin...

      • China NPL deals imminent

        The Chinese NPL securitisation market is set to begin re-emerging with China Merchants Bank...

    • Risk Management

      • Swap margin rules adopted

        The US CFTC has adopted final rules on cross-border margin requirements for uncleared swaps. A decis...

      • FRTB solution offered

        Markit has launched a comprehensive solution for compliance with the new market risk capital require...

      • CCP resolution considered

        The Clearing House and ISDA have issued a white paper identifying key issues that regulators should...

      • Debut green RMBS prepped

        Obvion is in the market with what is believed to be the first-ever green RMBS. Dubbed Green Storm 20...

      • Rochester notes sold off

        OneSavings Bank (OSB) is selling off its investment interest in the Rochester Financing 1 deal. Morg...

      • ACIS innovates again

        Freddie Mac has obtained its first Agency Credit Insurance Structure (ACIS) policy that transfers ri...


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