Issue 502 - 19th August
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News Analysis
- CMBS
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Retention span
CMBS compliance window closing
The race to originate and structure US CMBS is reaching a critical stage, with the implementation of risk retention rules just over four months away. The recent issuance of the US$870.6m WFCM 2016-BNK1 kick-started a new era for the asset class, mark...
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- CMBS
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News
- Structured Finance
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SCI Start the Week - 15 August
A look at the major activity in structured finance over the past seven days.
Pipeline The rate of additions to the pipeline has slowed down. Last week there were two new ABS, three RMBS and two CMBS added. CNY3bn Fuyuan 2016-2 Retail Auto Mortgage Loan Securitization Trust and Honda Auto Receivables 2016-3 Owner Trust Note...
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- Structured Finance
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Job Swaps
- Structured Finance
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Special situations partner poached
Doo-Soon Choi has joined Mayer Brown JSM as a Hong Kong-based partner in the banking & finan...
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Fixed income teams merged
BNP Paribas continues to revamp its investment banking operations by combining its primary and credi...
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United Guaranty sale agreed
Arch Capital Group is set to acquire United Guaranty Corporation and United Guaranty Insurance from...
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ABL team expands
MB Business Capital has opened a new office in Vancouver, Washington and appointed Kevin Schrader to...
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Private debt team bolstered
Muzinich & Co has expanded its UK private debt team with the hire of Grant Davidson as direc...
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Aon appoints Asia director
Aon has appointed Les Collett as regional director for structured credit and political risk, based i...
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Syndicated loan team expands
Muzinich has recruited an additional four names as it increases its European syndicated loa...
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AIMS supports Littlejohn
Goldman Sachs Alternative Investments & Manager Selection (AIMS) Group has made a minority i...
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- CMBS
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Executive director tapped
The CRE Finance Council has named Lisa Pendergast executive director. The association says this late...
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CMBS trader charged for loan fraud
The US SEC has charged former CMBS trader Tianyu Zhou with inaccurately marking certain loans held o...
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- Risk Management
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ICE acquisitions cleared
Following US Department of Justice clearance, Intercontinental Exchange is set to close its acquisit...
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- RMBS
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Ex-Goldman trader barred
The US SEC has barred a former Goldman Sachs RMBS trader from the securities industry after he was f...
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JPMorgan settlement approved
The US$4.5bn JPMorgan RMBS settlement was last week approved by the court, which overruled the final...
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RMBS sales, trading teams bolstered
Hilltop Securities has made a string of changes to its RMBS trading and sales group in its New York,...
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- Structured Finance
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News Round-up
- Structured Finance
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Japanese ratings surge
S&P's rating of new Japanese securitisations rose by 34.2% year-on-year in 1H16 as negative...
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Euro defaults hit post-crisis low
Overall European structured finance credit quality increased in 2015, with the annual default rate f...
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TFIF to tap 'favourable conditions'
TwentyFour Income Fund (TFIF) intends to raise additional equity capital through the issue of new or...
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- CDS
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Puerto Rico CDS settled
The final price for Commonwealth of Puerto Rico CDS was determined to be 58.5. Six dealers submitted...
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- CLOs
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Taurus investment increased
Chenavari fund Toro recently disclosed that it has increased its investment in an originator - Guern...
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- CMBS
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CMBS maturity pay-offs expected
A majority of US CMBS loans that mature during the refinancing wave are likely to pay off, according...
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At-risk Macy's eyed
About US$3.64bn in loans securitised in CMBS issued since 2010 could be impaired by Macy's recently...
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Delinquencies inch up
US CMBS delinquencies increased by 2bp in July to 3.20% from 3.18% a month earlier, according to Fit...
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- Insurance-linked securities
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ILS approach finalised
AM Best has finalised its methodology for rating insurance-linked securities and insurance-linked st...
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- NPLs
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NPL RMBS approach finalised
Fitch has finalised its approach for rating RMBS backed by non-performing loans, which leverages its...
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- Risk Management
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Variation margin protocol launched
ISDA has launched a new protocol to help market participants comply with variation margin requiremen...
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CCP papers published
The Committee on Payments and Market Infrastructures (CPMI), IOSCO and the Financial Stability Board...
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Second UPI consultation underway
The Committee on Payments and Market Infrastructures (CPMI) and IOSCO have published for public comm...
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- RMBS
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Chinese RMBS approach published
Moody's has published its approach to rating Chinese RMBS using the MILAN framework. The agency will...
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- Structured Finance
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