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Issue 840 - 14th April

  • News Analysis

    • Capital Relief Trades
      • SPV structures eyed

        US SPV CRT prospects raised

        US supervisors are currently assessing the collateral issues around synthetic securitisations after having raised questions about direct CLN structures last year (SCI 19 August 2022). Indeed, JPMorgan is exploring alternatives to direct CLNs includin...

  • News

    • Structured Finance
      • Benchmarking commitments

        Importance of private securitisation to real economy underlined

        Over 70% of European private cash securitisations fund sellers in the EU and over 68% directly fund the real economy, according to the latest European Benchmarking Exercise (EBE) report. Further, 88% of all transactions by volume we...

    • Capital Relief Trades
      • Risk transfer round up-12 April

        CRT sector developments and deal news

        Societe Generale is believed to be readying two synthetic securitisations. The first one is backed by leveraged loans while the second references corporate exposures. Meanwhile, Banco BPM is said to be prepping a synthetic ABS that references corpora...

      • Canadian wave continues

        CIBC debuts synthetic securitisation

        CIBC has finalized a synthetic securitisation of investment grade corporate loans. Dubbed ‘’Waterloo’’, the transaction is the lender’s first synthetic risk transfer trade and is riding a wave of Cana...

    • CLOs
      • CLO pros take volatility in their stride

        IMN European CLOs and Leveraged Loans conference recap

        The mood was constructive at the IMN 10th Annual Investors’ Conference on European CLOs and Leveraged Loans held in London on 4 April, but many market participants - notably investors - seemed to be in wait-and-see mode. The pane...

  • Market Moves

    • Structured Finance
      • Cross Point tapped for CLO expertise

        Sector developments and company hires

        Cross Point tapped for CLO expertisePerformance Trust Capital Partners has formed a new CLO trading desk, with the addition of members from the Cross Point Capital team led by Jared Gogek and Alex Navin. The group will expand Performance Trust's pres...

      • Capital solutions head poached

        Sector developments and company hires

        Capital solutions head poachedHowden CAP has appointed Colin Reddy as md, head of financial institutions and advisory, based in London. He will leverage his industry expertise to provide clients with balance sheet and regulatory advisory solutions, w...

      • Risk advisory appointment inked

        Sector developments and company hires

        Risk advisory appointment inkedAfrican Risk Capacity (ARC) has selected Gallagher Re as its reinsurance broker and risk advisor. The appointment includes the placement of portfolio cover in the reinsurance and capital markets, and the provision of st...

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