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Issue 857 - 11th August

  • News Analysis

    • Capital Relief Trades
      • Green front

        EIF obvious candidate to scale up SRT amid energy transition

        A new paper highlights how SRT transactions could be scaled up to support Europe’s shift to the green economy. Central to the proposal is the potential for the EIF to participate as a ‘fronter’ in synthetic securitisatio...

  • News

    • Structured Finance
      • SCI Start the Week - 7 August

        A review of SCI's latest content

        Last week's news and analysisClosing the gap SRT 'unlevel playing field' called out Defensive profiles Tactical secondary CLO opportunities highlighted Groundbreaking cannabis CMBS closed Updates on PCG 2023-1 closing and an LOC controversy ...

    • Capital Relief Trades
      • Risk transfer round-up - 10 August

        The week's CRT developments and deal news

        Market newsWestern Alliance Bank has amended its WAL 2021-CL2 transaction, to collateralise the deal and reduce corporate credit risk. Principal payments on the notes are now secured by a cash collateral account equal to the full principal amount. In...

  • Market Moves

    • Structured Finance
      • FCA seeking a 'more proportionate' SecReg

        Market updates and sector developments

        The UK FCA has issued its own consultation on proposed changes to the securitisation regime, following the publication of HM Treasury’s near-final statutory instrument (SI) (SCI 13 July) and the UK PRA’s consultation (SCI 28 July)...

      • Job swaps weekly: New faces for Newmark

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Newmark Group making a number of senior appointments to its debt and structured finance team. Elsewhere, Helaba has hired a former Deutsche Bank md to lead its asset finance team, while C...

      • Empirical study reveals blockchain efficiency

        Market updates and sector developments

        Blockchain technology can reduce the yield spread on securitisations by approximately 25bp, according to a new BIS Working Paper. Based on an analysis of circa 5,000 ABS products issued in China between 2015 and 2020, the study examines whether block...

    • RMBS
      • California judge backs investors in clean-up call dispute

        Market updates and sector developments

        A court has ruled in favour of investors, in a case centred around RMBS trusts held by Deutsche Bank National Trust and a related clean-up call transaction by mortgage servicer PHH Mortgage Corp. The mortgage servicer had previously announced its int...

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