Latest Securitization People & Markets news
Vaibhav Piplapure, the head of EMEA asset finance at Credit Suisse, is following former CS solutions head Jerome Henrion to run M&G’s new consumer assets fund.
Enthusiasm for green and social bonds is mounting, and revisions to the Green Bond Principles (GBP) announced this week may give the market a further lift. Many of the same debates still exercise market participants as in the past, but they appear less daunted by these conundrums.
Cutting regulatory capital charges for green loans is one idea being considered by the EU’s High Level Expert Group on Sustainable Finance, which is due to make its first report on July 18.
Natixis has appointed Emmanuel Issanchou as global head of structured credit and solutions, based in London.
Italian banks are the most likely financiers of their own non-performing loan (NPL portfolio sales, thanks to the structure of the government guarantee scheme, and the difficulty of executing large NPL trades with external finance. Portugal, too, looks set to go down the same road.
A senior French regulator floated the idea of having a single European financial supervisor this Wednesday, which he said would help ease concerns over “regulatory arbitrage”.
ABS market professionals are hoping for a Conservative victory in Thursday's UK general election, with many saying they are dreading the uncertainty if the vote results in a hung parliament.
Despite quantitative easing measures contributing to persistent shrinking in the size of the European RMBS market, panellists at Global ABS on Wednesday were optimistic that the tapering of central bank funding schemes would see a resurgence of supply, as new non-bank lenders grow market share and banks look to refinance retained deals.
Regulatory technical standards (RTS) related to the simple, transparent, standardised (STS) European securitization framework could take as long as 12 months to finalise, which would leave almost no time between RTS finalisation and STS implementation.
Sources close to the Maltese presidency of the European Council have downplayed the importance of the regular reviews of risk retention rules, agreed under the new rules for 'simple, transparent and standardised' securitizations last week.
Bank of England governor Mark Carney’s caution on the UK economy in his Mansion House speech on Tuesday could be an early warning for the UK RMBS market that the Term Funding Scheme (TFS) won't end soon, an unwelcome development for supply starved investors.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||3,865||12||12.28|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||43,017.27||121||11.73%|
|3||Wells Fargo Securities||36,865.83||105||10.05%|