Issue 518 - 9th December
-
News Analysis
- NPLs
-
Improved flexibility?
Legal changes driving Greek NPL expansion
KKR Credit's Pillarstone unit recently bolstered its senior team in Greece. The move reflects rising interest in the Greek NPL market, following the second appraisal of the country's economic adjustment programme. The Pillarstone hires follow a May...
-
- Marketplace Lending
-
Pairing up
ABS, bank partnerships to lift marketplace lending
Marketplace lending and fintech will play an increasing role in the future of the securities market, according to US SEC chair Mary Jo White. Speaking at a recent SEC fintech seminar, White praised the benefits of innovative financial technologies, b...
-
-
-
Reputation management
MPL ABS growth likely, subject to strong macroeconomics
Marketplace loan ABS performance will generally remain stable into 2017, with loan originations and issuance growing, according to Moody's. The agency adds that the marketplace lending sector will use 2017 as a year to rebuild its tarnished reputatio...
-
- NPLs
-
SCIWire
- Secondary markets
-
Euro secondary quiet
The European securitisation secondary market has had another quiet start to the week. Italy was un...
-
-
-
Euro secondary keeps positive
Tone across the European securitisation secondary market continues to be positive. After a quiet s...
-
-
-
US CLOs robust
The US CLO secondary market remains robust. "Everyone is now back from the conference in Californi...
-
- Secondary markets
-
News
- Structured Finance
-
SCI Start the Week - 5 December
A look at the major activity in structured finance over the past seven days.
SCI content this week is sponsored by BNY Mellon. All content this week is being made available free of charge, with no registration required. Pipeline There were a dozen deals added to the pipeline last week, including three Towd Point deals. In...
-
- Structured Finance
-
Provider Profile
-
-
Evolving analytics
Valuation and risk landscape discussed
FINCAD has recently incorporated MBS into its F3 pricing, valuation and risk analytics solution. SCI asked James Church, vp, product management and R&D at FINCAD, about the challenges of bringing MBS into a common valuation and risk solution,...
-
-
-
Job Swaps
- Structured Finance
-
Allianz absorbs credit manager
Allianz Global Investors (AllianzGI) has added Sound Harbor Partners to its private debt platform. A...
-
-
-
Organisational changes confirmed
Scope Group's holding company has transitioned into Scope SE & Co KGaA. At the same time, th...
-
-
-
CLO vet recruited
Fifth Street Finance Corp has appointed Patrick Dalton as ceo and a member of the board, effective o...
-
-
-
Arrow enters Italian market
Arrow Global Group is entering the Italian market with the acquisition of Zenith Service. It will pu...
-
-
-
Arrow names new chief
Securitisation veteran Lee Rochford will replace Tom Drury as group ceo and board director of Arrow...
-
-
-
Private credit strategies targeted
Eaton Partners has formed a distinct team that will work with and raise capital for unique private c...
-
-
-
Upstart firm poaches CRE vets
World Class Capital Group has bolstered its team with several former Credit Suisse hires. The firm h...
-
-
-
Independent directors named
TICC Capital Corp has appointed two new independent directors - Richard Neu and George 'Chip' Stellj...
-
- CDO
-
CDO complaint settled
Stifel Nicolaus and its former svp David Noack have admitted wrongdoing and paid over US$24.5m to re...
-
- CMBS
-
CRE platform expands
Silverpeak Real Estate Finance is expanding its product offering to include non-recourse floating-ra...
-
- Structured Finance
-
News Round-up
- ABS
-
Noteholder committee mooted
A number of investors in the UK student loan ABS, Honours, indicated during a recent noteholder conf...
-
-
-
Precious metals ABS prepped
Monex Deposit Company (MDC) is in the market with a rare public securitisation secured by precious m...
-
-
-
Aircraft ABS programme planned
Floreat Group is readying a securitisation programme focused on the aviation sector, with the aim of...
-
-
-
Wildfire affects timeshare ABS
Westgate Resorts has reported damage at its Westgate Smoky Mountain Resort in Gatlinburg, Tennessee,...
-
-
-
Brexit to affect auto ABS
The UK's decision to leave the EU will impact UK auto ABS, although DBRS expects ratings to remain r...
-
-
-
Equipment, card ABS 'to stay strong'
Both US equipment and credit card ABS will remain strong in 2017, says Moody's. Issuance should be a...
-
-
-
SLABS to see strong performance
A major theme in the US private student loan market in 2017 will be the continued origination and se...
-
- Structured Finance
-
Vertical retention upped
The European Parliament's Economic and Monetary Affairs Committee (ECON) yesterday adopted the Europ...
-
-
-
Proposals 'counter to ABS revival'
New European Parliament proposals do not go far enough to help revive securitisation in Eur...
-
-
-
LatAm outlook 'stable'
Latin American structured finance transactions should enjoy a stable credit environment next year, d...
-
-
-
Trump may shake up SF regs
Donald Trump's election victory has the potential to dramatically alter the regulatory landscape for...
-
-
-
North American outlook 'stable'
Stability will likely remain for structured finance ratings in the US and Canada next year,...
-
-
-
Mortgage-linked ABS prepped
The £292.4m Towd Point Mortgage Funding 2016-Granite 3 has hit the market. The transaction...
-
-
-
Ratings watch follows classification error
S&P has placed the ratings of CAN Capital Funding Series 2014-1's class A and B notes on cre...
-
-
-
Chinese CLO outlook 'negative'
The performance of assets backing Chinese auto loan ABS and RMBS will be stable throughout 2017, but...
-
- CDO
-
Zohar II policy bolstered
MBIA Insurance Corp has accepted a binding commitment letter from certain holders of its 14% fixed-t...
-
- CLOs
-
Risk retention preparedness polled
Maples Fiduciary has surveyed its US CLO manager clients to provide an update on manager strategies...
-
-
-
SMART CLO objections flagged up
The potential disposal of non-performing assets, as previously proposed by SMART SME CLO 2006-1, has...
-
- CMBS
-
Call likelihood examined
Fitch anticipates that an increasing number of US CMBS approaching the end of their expected life wi...
-
-
-
CMBS pay-offs dip
Trepp reports that the percentage of US CMBS loans that paid off on their balloon date dipped in Nov...
-
-
-
CMBS record volume observed
US CMBS private-label pricing volume totalled US$11.9bn in November, which was the highest monthly v...
-
-
-
Maturity defaults inch up
The 12-month rolling loan maturity default rate for the European CMBS in S&P's rated univers...
-
- RMBS
-
First CSP release rolled out
Freddie Mac has implemented the Common Securitization Platform (CSP) for certain single-family fixed...
-
-
-
Disease insurance 'credit positive'
A growing proportion of mortgages backing Japanese bank-issued RMBS include specified disease insura...
-
-
-
RMBS proposals praised
A new R&W form and a common communication platform between investors and issuers proposed by...
-
-
-
RMBS 'to perform well' in 2017
US RMBS will continue to perform well in 2017, with several trends from 2016 continuing int...
-
-
-
CAS listings heading east
Fannie Mae has listed all of its previously-issued Connecticut Avenue Securities on the Singapore Ex...
-
- ABS
![]() ![]() ![]() ![]() ![]() |