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CRT deals disclosed
Intesa publishes capital management strategy
Intesa Sanpaolo has released details of its capital management strategy, following the release of it...
News 23 March 2020 -
SCI Start the Week - 23 March
A review of securitisation activity over the past seven days
SCI NPL Securitisation Awards 2020 - new deadline SCI NPL Securitisation Awards 2020 - new de...
News 23 March 2020 -
Invoice ABS debuts
First trade receivables securitisation for India
Northern Arc Capital and fintech platform CredAble have closed a trade finance securitisation backed...
News 23 March 2020 -
NPL supervisory flexibility introduced
Sector developments and company hires
Canadian purchase programme The Canadian government has launched a revised Insured Mortgage Purchas...
Market Moves 20 March 2020 -
Economically efficient
Study supports reduction of PD estimates
A new study undertaken by Open Source Investor Services (OSIS) suggests that capital relief trades a...
News Analysis 20 March 2020 -
Credit event definitions
UTP category brings less uniformity
The EBA’s guidelines on default definitions have brought less uniformity to credit event d...
News Analysis 20 March 2020 -
Close relationship
CRT documentation should evidence intentions
When structuring a capital relief trade, the documentation should evidence the intentions of the par...
News 20 March 2020 -
Further central bank support unveiled
Sector developments and company hires
Bridging loan deal inked UK challenger lender Glenhawk has closed a private revolving securitisatio...
Market Moves 19 March 2020 -
Short-term volatility
SRTs on hold, although 2H20 rebound expected
Capital relief trade issuance has been postponed until the second half of the year due to the corona...
News Analysis 19 March 2020 -
Risk off
Securitisation markets seize up
Amid a global sell-off, securitised asset classes where liquidity is scarce and asymmetry of positio...
News 19 March 2020 -
EIB mulls SME ABS purchase plan
Sector developments and company hires
Dealer credit facility launched The US Fed has established a Primary Dealer Credit Facility (PDCF)...
Market Moves 18 March 2020 -
Pandemic response
DNB lowers bank buffers amid outbreak
Dutch central bank DNB has lowered the capital buffers for Dutch banks and postponed the introductio...
News 18 March 2020 -
Even playing field?
Reg AB relaxation set to release RMBS
The relaxation of FDIC rules regarding bank compliance with SEC Regulation AB when issuing RMBS (SCI...
News Analysis 18 March 2020 -
Fed rolls out CPFF
Sector developments and company hires
CMB purchase programme The Bank of Canada has announced that it stands ready, as a proactive measur...
Market Moves 17 March 2020 -
Liquidity concerns
European ABS pipeline coming to a halt
The European ABS primary market is grinding to a halt amid coronavirus-related volatility, with many...
News Analysis 17 March 2020 -
Greencoat liquidator appointed
Sector developments and company hires
EMEA Ocorian has appointed Abigail Holladay as director of transaction management. Based in Londo...
Market Moves 16 March 2020