Sector developments and company hires

TALF subscription date announced The New York Fed has scheduled the first TALF ABS loan...

Credit card ABS fallout to be contained

Rising unemployment and constrained household expenditure, due to coronavirus stress, is likely to n...

Sector developments and company hires

Covid-19 relief initiative launched Community Capital Management has launched an initiative to in...

Sector developments and company hires

SME CLO, SRT PD adjustments mooted DBRS Morningstar is considering additional adjustments to refl...

A review of securitisation activity over the past seven days

Last week's stories Auto ABS boost European ABS market update Drafting issues The potential...

Sector developments and company hires

Conflict of interest charge settled The US SEC has charged Morningstar Credit Ratings for violating...

Markets question TALF usage

The Federal Reserve this Tuesday (May 12) published more details about the terms of its $100bn new e...

WBS covenant breaches eyed

The probability of covenant breaches within UK whole business securitisations has increased, due to...

Covid-19 modelling challenges persist

Banks are running simulations in an effort to address the credit risk modelling challenges of the co...

BMO launches capital relief trade

Bank of Montreal has finalised a US$132m five-year financial guarantee dubbed Manitoulin Muskoka Ser...

European ABS market update

Yesterday’s print of BMW Bank’s latest auto loan ABS marks a significant step in...

Central bad bank proposal raises concerns

The ECB is exploring the idea of a bad bank to relieve European bank balance sheets following expect...

Amendments mitigate forbearance impact

A number of UK securitisation issuers are enhancing their deals to mitigate the negative impact on r...

Technology-driven investment gaining traction

Pagaya has expanded to the US West Coast, beefing up its origination group. At the same time, the fi...

Sector developments and company hires

TALF CLO rules clarified The US Federal Reserve has clarified its CLO eligibility rules for TALF. I...

Survey indicates distressed debt pick-up

A new survey of private markets suggests that a pick-up in distressed debt activity is likely over t...