Weekly Issue Archive »

Issue 911 - 19th July

  • News Analysis

      • The (re) insurance equation

        Insurers have a niche in European SRT, but regulatory hurdles block US market

        While insurance company participation in European reg cap trades has become an appreciable segment of the market and likely to grow further, it remains grounded in the US with no indication of imminent lift off, say industry experts. There are disa...

    • ABS

      • Esoteric ABS: Fragmenting industry - video

        Revere Capital's Gary Miller speaks to SCI about esoteric ABS

        Gary Miller, head of Revere Capital’s specialty finance team, speaks to SCI’s Simon Boughey about some of the latest developments in esoteric ABS. Miller discusses the types of asset classes that currently appeal to him, how th...

      • Speeding ticket

        Rate of EV development compounds declining residual values and increased credit risk in auto ABS

        Declining residual values of fully electric vehicles (BEV) and plug-in hybrids (PHEV) is leading to increased credit risk in auto ABS pools, according to a report by S&P Global Ratings. With BEVs also performing significantly worse than PHEVs...

      • In recovery

        Recovery ABS is increasingly big business, despite caveats

        Over US$2bn of recovery ABS has been issued so far this year, and though 2024 issuance is unlikely to surpass the record US$20bn seen in 2022, the market is flourishing as more and more states pass the necessary legislation. New York, for example,...

  • News

    • Capital Relief Trades

      • Regional rapture

        Pressures combine to make CRT the dream ticket for US regionals

        Capital relief trades make even more economic sense for the larger regional banks than they do for the GSIBs, according to a new report by Fitch. Usage of the mechanism is expected to increase across the board, but the US regionals represent perhap...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Proskauer lures A&O Shearman co-head of global banking

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Proskauer Rose snapping up two A&O Shearman partners for its global finance practice. Elsewhere, Womble Bond Dickinson has added a Latin America-focused partner to advise on capit...

    • Capital Relief Trades

      • CAS five

        Market updates and sector developments

        Fannie Mae has priced its fifth CAS deal of the year – a US$659m REMIC designated CAS 2024-R05. The transaction is underwritten by Wells Fargo and Morgan Stanley. It consists of two US$283.86m M1 tranches (2A-M1 and 2M-1) rated Aa3/A and...


Print this issue Click here to access this issue in print format

×