Weekly Issue Archive »

Issue 764 - 15th October

  • News Analysis

    • ABS
      • Transition trauma

        A bumpy road ahead for shift to post-Libor world

        The structured finance market still has a great deal to do before the beginning of next year when contracts can no longer be quoted in Libor, agrees Amy Williams, partner and structured finance expert at Hunton Andrews Kurth. Very few securitizatio...

    • Structured Finance
      • Big bang?

        Tokenisation touted as a replacement for securitisation

        Tokenisation is being touted as a potential replacement for securitisation, given its many applications and benefits. However, a number of challenges remain before the technology can be fully adopted by the market. “Tokenisation could...

  • News

    • ABS
      • Challenging valuations

        Covid-19 aftermath dogs NPL exposures

        The aftermath of the coronavirus crisis is hindering the valuation of properties that back European non-performing loan transactions. Nevertheless, collections have picked up and more NPL ABS issuance is expected. According to Moody’s, th...

    • Structured Finance
      • SCI Start the Week - 11 October

        A review of SCI's latest content

        CRT seminar in person THIS WEEK SCI’s 7th Annual Capital Relief Trades Seminar is taking place in-person on 13 October at the London offices of Allen & Overy. The event will explore the introduction of the STS synthetics regime and...

    • Capital Relief Trades
      • Risk transfer round-up - 15 October

        CRT sector developments and deal news

        Credit Agricole is believed to be readying a capital relief trade backed by corporate loans. The transaction would be the bank’s third significant risk transfer trade this year, following the completion of a corporate and capital call trade...

      • SCI CRT Awards: Transaction of the Year

        Winner: Siena 2021 - RegCap-1

        Banca Monte dei Paschi di Siena’s Siena 2021 - RegCap-1 has won the Transaction of the Year category in SCI’s Capital Relief Trades Awards. The synthetic securitisation is noteworthy for referencing a riskier asset class - a portf...

      • SCI CRT Awards: North American Transaction of the Year

        Winner: TCB CRT 2021-1

        The arrival of the first US regional bank in the capital relief trades sector had been anticipated and talked of for many months, so when Texas Capital Bank - a Dallas-based US$40bn lender founded in 1998 - arrived in the market in March 2021 the int...

  • Talking Point

  • The Structured Credit Interview

    • Structured Finance
      • Transitional financing

        Adam Zausmer, chief credit officer at Ready Capital, answers SCI's questions

        Q: Why do you feel the US CRE CLO sector is booming? A: The bridge lending market is certainly red hot at the moment. We tend to focus on less volatile assets, like multifamily, and clear trends we see across the US are tired properties in need of c...

  • Market Moves

    • Structured Finance
      • Affordable housing UMBS planned

        Sector developments and company hires

        Affordable housing UMBS planned Freddie Mac plans to offer at least US$3bn in single-family affordable housing bonds, including approximately US$285m in Uniform Mortgage-Backed Securities backed by loans purchased through its Home Possible program...

      • Antares succession revealed

        Sector developments and company hires

        Antares succession revealed Timothy Lyne, founding partner and current coo of Antares Capital, is set to succeed David Brackett as ceo. Brackett will be retiring from his role as ceo on 31 December 2021 and will remain with Antares in an advisory...

      • Renovation tax credit ABS closed

        Sector developments and company hires

        Renovation tax credit ABS closed Banca Finint has completed an innovative securitisation backed by tax credits originating from energy efficient renovations of building stock under the Italian Ecobonus and Bonus Casa programmes, in collaboration w...

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