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Issue 639 - 26th April

  • News Analysis

    • ABCP
      • Non-traditional assets

        ABCP boosted by demand, diversification

        US ABCP outstanding is expected to grow moderately this year, as prime institutional money-market funds return to the market and new investors enter. At the same time, conduit sponsors are expanding their portfolios with non-traditional assets. Mon...


  • News

    • Capital Relief Trades
      • Risk transfer round-up - 26 April

        CRT sector developments and deal news

        The second quarter of this year is expected to be more active in terms of capital relief trade issuance, compared to previous years, as banks adapt to ESMA’s securitisation disclosure requirements and many uncompleted deals slated for 4Q18...

    • CDO
      • Opportunities eyed

        Trups CDO manager targets Europe

        EJF Capital is eyeing opportunities in Europe, as bank consolidation pressures grow and rates continue to rise. However, the firm’s plans remain at an early stage, given that European consolidation lags behind that of US banks. According...

    • NPLs
      • Global opportunities

        Cerberus completes first dedicated NPL fund

        Cerberus has closed a US$5.1bn dedicated non-performing loan fund. Dubbed Global NPL Fund, it targets NPL opportunities across the globe, as concerns regarding the late stages of the credit cycle continue to grow. According to Massimo Famularo, boa...


  • The Structured Credit Interview

    • CDO
      • Value investing

        Tim Gramatovich, cio of Gateway Credit Partners, answers SCI's questions

        Q: How and when did Gateway Credit Partners become involved in the securitisation market? A: Gateway Credit Partners is the credit platform of B Riley Financial’s investment advisor subsidiary B Riley Capital Management and was established...

    • Insurance-linked securities
      • Landmark involvement

        Michael Bennett, head of derivatives and structured finance for the World Bank Treasury, answers SCI...

        Q: How and when did the World Bank Treasury become involved in the risk transfer market? A: We became involved in insurance risk transfer in 2007 when we began to intermediate drought and other natural catastrophe swaps for member countries and regi...


  • Market Moves

    • Structured Finance
      • Lender charged for overstating returns

        Sector developments and company hires

        CRT analytics dv01 has launched a credit risk transfer market surveillance offering, which adds US$1.8trn of Freddie Mac STACR and Fannie Mae CAS securitisations to its loan-level data analytics platform. The service allows investors to analyse hi...

      • Rating agency names managing director

        Sector developments and company hires

        EMEA Scope has named Guillaume Jolivet as md. He joins the firm’s management board, alongside Torsten Hinrichs, coo of the Scope Group. With more than 18 years of experience in credit analysis and ratings, Jolivet joined Scope in 2013 and...



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