Weekly Issue Archive »

  • News Analysis

  • RMBS

    • RMBS becalmed

      2023 may be no better while FHFA adds to pressure on GSEs

      The RMBS market has been in the doldrums for the second half of this year and analysts suggest that there will be no immediate rebound. While some are cautiously optimistic that next year will witness a return to liquidity, others suggest that we wil...

    • Agency activism

      Divided Congress means greater agency intervention

      The split US Congress, as a result of the recent mid-term elections, is likely to lead to the agencies responsible for the housing market to steer a course which will be both more independent and more interventionist, say analysts. Funding that is...

  • News

  • Structured Finance

    • SCI Start the Week - 28 November

      A review of SCI's latest content

      Last week's news and analysis Cliff edge New report raises alarm over output floor Encouraging activity European ABS/MBS market update Global Risk Transfer Report: Chapter four The fourth of six chapters surveying the synthetic securitisa...

  • Capital Relief Trades

    • Swiss CRT launched

      Credit Suisse executes synthetic ABS

      Credit Suisse has finalized a synthetic securitisation that references a Sfr2bn portfolio of Swiss income producing real estate mortgages with most of the pool backed by residential exposures. Dubbed Elvetia 17, the transaction replaces an o...

    • CRT duo launched

      Santander finalizes two auto CRTs

      Santander has finalized two synthetic securitisations that reference French and UK auto loans respectively. The transactions coincide with the increasing use of synthetic technology for consumer and auto assets (SCI 11 November). However, the recent...

    • Risk transfer round up-2 December

      CRT sector developments and deal news

      Lloyds is believed to be readying a synthetic securitisation of corporate loans that is expected to close this month. The British lender’s last corporate CRT closed in 2015 and was called ‘’Leicester’&rsquo...

    • Baltic boost

      Second ever Baltic SRT finalized

      Citadele banka and the EIB Group have finalized a €60m mezzanine guarantee that references a €350m portfolio of primarily Baltic SME leasing exposures. The transaction is the bank’s first significant risk transfer...

    • Santander surging

      NA mortgage and auto loan CRT deals looming

      Santander is in the market with two regulatory capital relief deals referencing NA assets: a synthetic securitization of US mortgages and of US auto loans. The securitization of US mortgages, dubbed 2022-MTG1, consists of a six tranche deal with a...

  • Talking Point

  • Structured Finance

    • Don't panic!

      Vadim Verkhoglyad, vp and head of research publication at dv01, argues that US consumer markets rema...

      Concerns of a recessionary impact on US consumer markets, and comparisons to the global financial crisis, are rampant across the media. This fearmongering is not accurate, is harming the market and is not in our best interest. Widespread media anal...

  • Capital Relief Trades

    • Global Risk Transfer Report: Chapter five

      In the fifth of six chapters surveying the synthetic securitisation market, SCI highlights the role ...

      Synthetic securitisation, once tarnished by association with the global financial crisis, has long since come in from the cold. The regulatory framework has developed significantly in Europe since the introduction of the new European Securitisation R...

  • Market Moves

  • Structured Finance

    • Fitch launches new ESG ratings

      Sector developments and company hires

      Sustainable Fitch has launched new ESG Ratings for global labelled structured bonds and covered bonds. The news follows its opening of ESG Ratings, Data & Analysis for North American, UK, and European corporates and financial institutions ear...

    • RWA overhaul mooted under Basel 3.1

      Sector developments and company hires

      RWA overhaul mooted under Basel 3.1   The PRA has released a consultation paper on the UK implementation of Basel 3.1 rules, covering the parts of the Basel 3 standards that remain unimplemented in the country. Indeed, the proposals m...

    • Marble Point acquisition agreed

      Sector developments and company hires

      Marble Point acquisition agreed   Investcorp is set to acquire Marble Point Credit Management, an affiliate of Eagle Point Credit Management. Upon closing of the transaction, Marble Point will be combined with Investcorp Credit...

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