Weekly Issue Archive »

Issue 862 - 15th September

  • News Analysis

    • CLOs
      • Lift-off

        CLO issuance takes flight in active summer

        CLO volumes in both the primary and secondary markets have accelerated in the third quarter so far, particularly in the US, after a slow first half of the year. But a sluggish syndicated loan market, dominated by a glut of refinancings and amend and...

    • ABS
      • NPL proposal questioned

        ABS industry baulks at Italian borrower buy-back plan

        Italian non-performing loan securitisation cashflows could be delayed until a proposal to allow non-performing borrowers to buy back exposures is passed or rejected. But prime minister Meloni’s government appears on course to water down the...

  • News

    • Structured Finance
      • SCI Start the Week - 11 September

        A review of SCI's latest content

        Free webinar this Wednesday – US esoteric ABSThis Wednesday September 13 at 10:00-10:40 AM EDT/3:00-3:40 PM BST, join us in Exploring the Evolving Landscape of Esoteric ABS with our expert panel Xilun Chen, KBRA; Emile Ernandez, Guggenheim...

    • Capital Relief Trades
      • Optimistic outlook

        SRT Market update

        While SRT market participants generally describe a sluggish beginning to the month, further details on some of the deals in the pipeline are emerging. Overall, an optimistic outlook for Q4 prevails. “We really have not seen many deals out...

      • Risk transfer round-up - 14 September

        The week's CRT developments and deal news

        Market newsM&G Investments’ latest Insights publication explores why now could be a good moment for patient investors to consider SRT transactions and why this opportunity could be short-lived, given the current economic cycle. The...

      • Italian SME boost

        EIB Group and Deutsche Bank close synthetic securitisation.

        The EIB Group has closed its first synthetic securitisation referencing a portfolio of consumer auto loans originated by Deutsche Bank Italy. The transaction aims to support the investments of around 650,000 SMEs and mid-caps in Italy, provi...

    • Regulation
      • Opening broadside

        House subcommittee slams July 27 capital rules

        The July 27 Basel 3 endgame proposals would place the US “ahead in a race to a gold-plated top for global capital requirements and push the US to the bottom for global competitiveness,” said Andy Barr (KY), chairman House...

  • Market Moves

    • Structured Finance
      • RFC issued on CLO good practices

        Market updates and sector developments

        IOSCO has called for an improvement in practices in the leveraged loan market and is seeking feedback on a number of good practices it is proposing in connection with CLOs. The organisation notes that a “prolonged borrower-friendly environm...

      • Job swaps weekly: M&G poaches Pimco's Scott

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees M&G Investments luring a former Barclays structured finance veteran from Pimco to take on the role of director. Elsewhere, Avenue One has added senior hires to its real estate cap...

      • BXCI to offer 'one-stop solution'

        Market updates and sector developments

        Blackstone has integrated its market-leading corporate credit, asset-based finance and insurance groups into a single new unit, named Blackstone Credit & Insurance (BXCI). Credit and insurance is Blackstone’s fastest-growing segment...

    • RMBS
      • Pressure on UK BTL loans in RMBS portfolios

        Market updates and sector developments

        The UK buy-to-let mortgage market is likely to see an increase in arrears, a reduction in origination volumes and higher rates of home repossessions in the months ahead. Analysis of RMBS portfolios by DBRS Morningstar highlighted headwinds in the for...

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