Weekly Issue Archive »

Issue 853 - 14th July

  • News Analysis

    • ABS
      • Wheels down

        Aviation ABS wobbles after Covid/Russia war

        The airline industry is thriving at the moment with high fares and impressive passenger numbers, yet the aviation ABS market is finding it very difficult to dig itself out of the hole dug by the events of the last few years, according to a new study...

      • Student politics

        Refis may increase as Biden plan stalls while broad ABS looks better

        Following the June 30 Supreme Court decision to strike down President Biden’s plan to forgive the $430bn federal student debt, refinancings in government-owned loans may accelerate from October as payments recommence, suggest analysts. Pr...

  • News

    • Structured Finance
      • SCI Start the Week - 10 July

        A review of SCI's latest content

        Last week's news and analysis Changing agenda UK RMBS evolving alongside borrowers' needs Keeping traction in transition Faster-than-forecast EV take-up could present auto ABS challenges Latest SRTx fixings released Improved tone continue...

      • Regulatory push

        Retention RTS, draft SI move forward

        The last week has ushered in a couple of regulatory updates in the European securitisation market. The European Commission adopted the regulatory technical standards (RTS) on risk retention under the EU Securitisation Regulation on 7 July, while the...

    • Capital Relief Trades
      • STS shift

        Societe Generale executes Colisee two

        Societe Generale has finalized an €85m funded financial guarantee that references a static €1bn portfolio of equipment leasing exposures originated by Sogelease and backed by 2800 borrowers. The transaction is a repeat significant r...

      • Capital rising

        Regulators announce new rules coming soon

        As expected, US regulators are poised to increase capital requirements for domestic banks imminently, according to a speech yesterday (July 10) made by Michael Barr, vice chair of supervision at the Federal Reserve, at the Bipartisan Policy Center in...

      • SRT boom

        IACPM data shows record year for synthetic securitisations

        The global volume of synthetic securitisation issuance reached its highest ever level in 2022, with both the number of trades and notional pool size far outstripping pre-pandemic levels, according to the latest IACPM survey. The results suggest that...

      • Test case rolled out

        JP Morgan eyes NAV lines

        SCI understands that JPMorgan is readying the execution of a synthetic securitisation of NAV lines. The transaction is said to have been designed as an SPV structure and is driven by hedging considerations although the US lender is understood to be t...

      • Polish wave continues

        Bank Millennium adds to CEE SRT flow

        Bank Millennium has finalised a funded synthetic securitisation of Polish leasing assets that references a PLN4bn portfolio. Dubbed Project Medea, the transaction is the bank’s third significant risk transfer trade and adds to the Polish SR...

  • Provider Profile

    • Structured Finance
      • Embracing 'enablement'

        Begum Gursoy, global technical head, debt capital markets and sustainable finance commercials at Sus...

        Q: Sustainalytics supports investors develop and implement responsible investment strategies, including by providing second-party opinions (SPOs) on whether a green, social or sustainability bond framework is aligned to market expectations. Could you...

  • Market Moves

    • Structured Finance
      • Generali inks Conning acquisition

        Market updates and sector developments

        Generali Investment Holdings (GIH) is set to acquire Conning and its affiliates, with the aim of enh...

      • Job swaps weekly: All change at Deutsche Bank

        People moves and key promotions in securitisation

        This week’s bumper roundup of securitisation job swaps sees Deutsche Bank Investment Bank appoint two new co-heads on its EMEA capital markets team. Elsewhere, a Virgin Money veteran has retired after 15 years with the bank, while...

    • RMBS
      • Angelo Gordon REIT moves to poach WMC

        Market updates and sector developments

        Angelo Gordon’s real estate investment trust, AG Mortgage Investment Trust (MITT), has offered to buy Western Asset Mortgage Capital Corporation (WMC) in a deal that would give the business an enterprise value of around US$300m. The propose...

    • Structuring/Primary market
      • Gen II's Euro vision drives Crestbridge bolt-on

        Market updates and sector developments

        New York-headquartered private markets fund administrator Gen II Fund Services has agreed to acquire European competitor Crestbridge, in a move designed to expand its international presence. The acquisition will increase Gen II’s assets und...

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