Weekly Issue Archive »

Issue 658 - 6th September

  • News Analysis

    • RMBS
      • Boost for Brazilian RMBS?

        Number of risks from index-linked mortgages possible

        A resolution in Brazil, intended to widen the pool of funds available to finance the purchase of homes in the country, has been passed, removing restrictions on the use of market indices-adjusted interest rates on residential mortgages. It is expecte...

    • Capital Relief Trades
      • Going concern?

        Synthetics could help address UTP burden

        Synthetic securitisation is being put forward as one way of proactively addressing the unlikely-to-pay loan burden in Italy. However, although risk transfer technology would allow banks to maintain their relationships with borrowers while benefiting...


  • News

    • Structured Finance
      • SCI Start the Week - 2 September

        A review of securitisation activity over the past seven days

        Market commentary A new Fitch study shows that there is a wide range in trustee reported market values for defaulted loans held by US middle market CLOs, highlighting the illiquidity of the sector. For example, term loans of Dimensional Dental Manag...

      • STS success?

        Market warms to STS, but threats hover on the horizon

        While STS lead to a dampening effect on ABS issuance at the start of the year, it is starting to bring in longer term investors, such as bank treasuries, according to panellists at S&P’s European securitisation seminar today. They a...

    • Risk Management
      • SME initiatives inked

        EIF launches further guarantee programmes for businesses across Europe

        The EIF has launched two new funding initiatives to support SMEs in Europe, including a first-of-its kind initiative in Finland. The second provides funding support for Lithuanian micro businesses and SMEs. The Finnish programme comprises a guarant...

    • RMBS
      • Reform plans released

        GSEs to be recapitalised and repositioned

        The US Treasury has released its plan to reform the country’s housing finance system. The Treasury Housing Reform Plan (THRP) consists of a series of recommendations that are designed to “protect American taxpayers against future...


  • Talking Point

    • CLOs
      • Navigating the new

        New European CLO investors must chart a steady course

        The remainder of the year looks set to be an active one for European CLOs. To sustain growth, the market needs to find new investors, but they have a challenging course to navigate. Some potential new CLO investors are understandably hesitant, give...


  • Market Moves

    • Structured Finance
      • RAIT sale

        Company developments and sector hires

        Aussie bank secures warehouse line Yellow Brick Road (YBR), an Australian non-bank lender, has received final credit approval from an Australian Bank for it to provide an initial A$120m RMBS warehouse facility. The facility will be provided to the...

      • Tesco portfolio disposal sealed

        Company developments and sector hires

        Auto deal debut Oodle Financial Services is marketing an inaugural static cash securitisation of auto receivables extended to obligors located in the UK. Dubbed Downson 2019-1, the £353.4m transaction is provisionally rated Aaa on the &am...

      • Structured credit vets nabbed

        Sector developments and company hires

        EBA makes STS digital move The EBA has announced that it has added the STS Regulation to its online Interactive Single Rulebook and Q&A. It allows market participants to access the EBA’s guidelines, and it will also enable them to...

      • Ceo appointed

        Sector developments and company hires

        Analytics head nabbed Merion Square Capital has hired Jeff Fraser as head of analytics, based at the firm’s Ardmore, Pennsylvania headquarters. Fraser joins Merion Square from Chubb, where he was an avp of CAT Pricing and Systems, respons...

      • ILS deputy head hired

        Company hires and sector developments

        Blockchain standardisation steps taken The standardisation of blockchain technology, which the International Organisation for Standardisation (ISO) and others are promoting, will be credit positive for future securitisations that utilise the techno...



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