Weekly Issue Archive »

Issue 849 - 16th June

  • News Analysis

    • ABS

      • Preventative intervention

        UTP management gaining traction

        The Italian non-performing loan ABS market remains subdued, with publicly-placed issuance drying up after the expiration of the GACS scheme in June 2022 and performance so far this year generally below expectations. While securitisation has played a...

  • News

    • Structured Finance

      • SCI Start the Week - 12 June

        A review of SCI's latest content

        Last week's news and analysis Capital panic Use of SRT by US banks more pertinent as reg cap rises CRAFT priced Deutsche Bank executes new synthetic ABS Entrepreneurial spirit Howden CAP answers SCI's questions Manager tiering Japanes...

      • Compliance issues

        'Compelling case' for reform of Article 5

        A new AFME report finds that investors are likely to interpret ambiguous provisions under Article 5 of the Securitisation Regulation in the EU and UK conservatively - and, in doing so, will assume disproportionately high costs to the business. The re...

    • Capital Relief Trades

      • Full stack comeback

        BBVA finalizes full stack SRT

        BBVA has finalized a full stack capital relief trade that references a static €804m portfolio of Spanish auto loans. Dubbed BBVA Consumer Auto 2023-1, the transaction is virtually identical to last year’s trade (see SCI’s...

      • Risk transfer round up-14 June

        CRT sector developments and deal news

        Societe Generale is believed to be readying a synthetic securitisation of leasing assets called Colisee two that is expected to close at the end of this month. The transaction would be a follow up of the first Colisee trade that was executed in 2020...

    • RMBS

      • Rental retreat

        Rising BTL remortgaging risks eyed

        Challenges lie ahead for the UK’s BTL RMBS market as buy-to-let lending continues to decline and remortgage risks climb. Lower LTVs can be a key mitigating factor, although it is likely that many BTL landlords will opt to exit the market en...

  • Market Moves

    • Structured Finance

      • Walker steps up to global credit head

        Sector developments and company hires

        Walker steps up to global credit headAon has established a new global credit team structure within its Reinsurance Solutions unit, appointing Ben Walker as head of global credit. The global credit team now combines Reinsurance Solutions’ ex...

      • FCA urged to address 'regulatory redundancies'

        Sector developments and company hires

        FCA urged to address ‘regulatory redundancies’The Managed Funds Association (MFA) has submitted a letter to the UK FCA, proposing improvements to the country’s regulatory framework for securitisations that would expand c...

      • UBP launches new fixed income fund

        Sector developments and company hires

        Union Bancaire Privée (UBP), the Geneva-headquartered private bank, has launched a new fixed-income strategy spanning high-yield bonds, subordinated debt and securitised credit. The fund, named UBAM Strategic Income, will seek a double-B r...

      • BNY turns to AccessFintech for digital innovation

        Market updates and sector developments

        BNY turns to AccessFintech for digital innovation BNY Mellon has become the first trustee to join the data management platform, AccessFintech, as it continues in its commitments to improving loan data management, operations, and digitisation across...

      • Job swaps weekly: Triumph for VPC

        People moves and key promotions in securitisation

        Job swaps weekly: Triumph for VPC This week’s securitisation job swaps have seen two senior directors at Santander US subsidiary Amherst Pierpont Securities leave the firm to take up leadership roles at a newly launched structured finance...


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