Weekly Issue Archive »

Issue 676 - 24th January

  • News Analysis

    • RMBS

      • Long road ahead

        Climate change management in US RMBS slow to appear

        Awareness is growing of the need to factor the effects of climate into securitisation around the world. US RMBS is one sector that could be hit harder sooner, but even there progress is slow. “Talk around climate change in the context of...

  • News

    • ABS

      • DSB wind-down begins

        Dutch bank to exercise first ABS call option and aims for more

        Bankrupt DSB Bank is preparing for the possible sale of its loan portfolio by winding down its securitisation programmes. The Dutch bank is beginning with consumer ABS Chapel 2003-1 before hoping to move on to its other four outstanding ABS and RMBS...

    • Structured Finance

      • SCI Start the Week - 20 January

        A review of securitisation activity over the past seven days

        Stories of the week Consumer boost Santander completes innovative SRTs Under pressure US student loan ABS holding firm so far Other deal-related news ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whit...

      • Climate fund launched

        Blended finance structure offers four classes of risk

        ResponsAbility Investments has announced the first closing of an innovative climate fund, set up as a blended finance structure that offers different classes of risk and has received commitments from a number of public and private investors. The priv...

    • Capital Relief Trades

      • Risk transfer round-up - 23 January

        CRT sector developments and deal news

        Caixabank is rumoured to be prepping a consumer SRT for this year. The lender printed its last transaction in May 2019 (see SCI’s capital relief trades database). Dubbed Gaudi Synthetic 3, the €100m financial guarantee was carried...

      • Risk transfer round-up - 22 January

        CRT sector developments and deal news

        BBVA is rumoured to be readying a capital relief trade for 1Q20. The transaction would be the lender’s fourth ever risk transfer transaction (see SCI’s capital relief trades database). Dubbed Vela Corporate 2018-1, BBVA&rsqu...

    • NPLs

      • NPL ABS settled

        Multi-originator trend continues

        Twelve Italian popular banks - including Banca Popolare di Puglia e Basilicata and Banca di Credito Popolare - have settled a securitisation backed by an €826.7m GBV portfolio of secured and unsecured non-performing loans. The ABS continues...

    • RMBS

      • Pooling proposals rebuffed

        Call for GSE seller/servicer performance standards

        Eight trade associations, including the American Bankers Association and SIFMA, have written to FHFA director Mark Calabria responding to the recent request for input (RFI) on UMBS pooling (SCI 17 December 2019). The letter states that while the FHFA...

  • Provider Profile

    • Structured Finance

      • Bespoke service

        Emma-Jane Fulcher, founder of Grovewood Capital Consultancy, answers SCI's questions

        Q: How and when did Grovewood Capital Consultancy become involved in the securitisation market? A: I founded Grovewood Capital Consultancy at the end of last year (SCI 23 December 2019). In my previous role as head of structured finance at ARC Ratin...

  • Market Moves

    • Structured Finance

      • CEE SME guarantee increased

        Sector developments and company hires

        EMEA Alvarez & Marsal has launched a European debt advisory practice with the appointment of Tim Metzgen as a London-based md, with the aim of providing clients with independent advice on accessing and managing their interactions with the...

      • Parametric cyber risk trade inked

        Sector developments and company hires

        Acquisition Ares Holdings is set to acquire a controlling interest in Asian alternative asset manager SSG Capital Holdings and its subsidiaries. Headquartered in Hong Kong with offices across Asia, SSG manages private credit and special situations...

      • Chinese reference centre upgrade 'credit positive'

        Sector developments and company hires

        Credit system upgraded The People's Bank of China’s Credit Reference Center last week upgraded its credit information system to record and provide more comprehensive credit information on individuals and enterprises. The upgraded s...


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