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Issue 859 - 25th August

  • News Analysis

    • ABS
      • Skid marks

        Sub-prime auto ABS shows sign of pain

        After several years of trying economic conditions during which the ABS market has been robust, the sub-prime auto sector could be about to see the first delinquencies since the 1990s. The Fed hiked rates again in July, its 11th increase since it be...

  • News

    • Structured Finance
      • SCI Start the Week - 21 August

        A review of SCI's latest content

        Last week's news and analysis Fine-tuning UK securitisation FCA and PRA take pragmatic approach to post-Brexit regulations Job swaps weekly: TCW snaps up American Century securitisation head People moves and key promotions in securitisation ...

    • Capital Relief Trades
      • Risk transfer round-up - 24 August

        The week's CRT developments and deal news

        Deal newsStandard Chartered has executed the eighth synthetic securitisation from its Chakra programme. The significant risk transfer transaction – Chakra 8 – references a portfolio of global corporate revolving facilitie...

  • Market Moves

    • ABS
      • Janus Henderson rounds out securitisation ETF suite

        Market updates and sector developments

        Janus Henderson is preparing the launch of a new fund that the firm says will complete its suite of securitisation-focused ETFs and enable it to invest in almost all of the US securitised market. The US$253.3bn asset manager filed a preliminary regis...

    • Structured Finance
      • Securitisation exempt from private fund rule

        Market updates and sector developments

        The US SEC has determined that securitised assets funds, including CLOs, are exempt from its Private Fund Advisers Rule. The new rules aim to protect private fund investors by increasing transparency, competition and efficiency in the privat...

      • Job swaps weekly: Stream of hires at Flowcarbon

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees carbon fintech business Flowcarbon bulk up its structured finance muscles with a promotion and two new hires. Elsewhere, Atom Bank has appointed a former Arrow Global ceo as chair designa...

    • RMBS
      • Nomura pays US$35m to settle RMBS fraud case

        Market updates and sector developments

        Nomura Securities International (NSI) has agreed to pay a US$35m penalty to the district of Connecticut and US$800,000 in additional restitution payments over alleged historical fraudulent trading of RMBS. The settlement is part of a non-prosecution...

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