Sector developments and company hires

Interest rate mismatches eyed Moody’s suggests that loan repricing will increase interest...

Sector developments and company hires

Auto ABS rating withdrawn Fitch has withdrawn the expected ratings of Swiss Car ABS 2020-1 (SCI 9 A...

Opportunistic capital redeployment underway

The European ABS market appears poised to diverge between central bank-eligible issuance and opportu...

Sector developments and company hires

REMIC revenue procedure The US Internal Revenue Service has issued a revenue procedure that permits...

Large corporate SRTs prepped

Capital relief trade issuance is set for a comeback in 2Q20 as a handful of banks are readying large...

US CLO seniors tighten, but Fed support may not be enough

The end of last week saw US triple-A CLO bonds tighten in the secondary market, partly in response t...

Sector developments and company hires

TALF 2.0 eligibility expanded The US Fed has expanded the range of assets that are eligible collate...

Greek NPE ABS plans disrupted

The non-performing exposure reduction plans of the four systemic Greek banks are expected to be dela...

Sector developments and company hires

EIF calls for guarantee applications The European Commission has unlocked €1bn from the Eu...

IFRS 9 challenges persist amid pandemic

Supervisors have advised banks to embed the effects of government programmes, such as payment morato...

Sector developments and company hires

CLO stress scenario updated Fitch is set to apply an updated stress scenario to all CLO portfolio...

Sector developments and company hires

Negative outlook for asset performance Fitch is updating its rating assumptions for all global st...

Positive impact SRTs gaining traction

Significant risk transfer is primarily associated with achieving favourable capital treatment. Howev...

EU banks benefit from Basel 3 delay

The Basel Committee's decision last week to delay implementation of the final Basel 3 rules...

'Unsustainable' hedges called out

MBS spreads to Treasuries widened again yesterday (1 April), giving those hedging margin calls on TB...

Sector developments and company hires

EMEA Addleshaw Goddard has hired structured finance partner Rachel Kelly from McDermott Will &...