Complete news archive

  • Climate-friendly mortgage programme launched

    SRT Market Update

    SRT Market Update 17 May 2024

  • CLOs: Improving arbitrage - video

    TwentyFour Asset Management's Elena Rinaldi speaks to SCI ab...

    .......

    News Analysis 16 May 2024

  • Freddie fallout

    GSE CES buying would gut private label market, says report

    Corroborating industry misgivings, Freddie Mac’s proposed purchase of single-family closed end second (CES) mortgages would take a large bite out of the private securitization market, according to a report by KBRA released last week.

    If both GSEs initiated CES buying, .......

    News 14 May 2024

  • AI credit analysis project launched

    Market updates and sector developments

    Stratiphy and Chenavari Financial Group have joined forces to develop custom AI tools aimed at improving the quality of and mitigating the subjectivity within credit analysis. By harnessing the wealth of existing data and employing a range of AI techniques, the project aims to enhance efficiency, pricing capability and precision in forecasting within credit analysis.

    Representatives of each .......

    Market Moves 13 May 2024

  • Attraction stations

    SRT relative value in focus

    The relative value of SRT transactions is attracting a swathe of new as well as former investors to the space, despite the fact that spreads are tightening. Nevertheless, the creation of an active secondary market remains remote.

    Several investors have recently returned to the SRT market after long spells away. For instance, Cheyne Capital last month announced it .......

    News Analysis 13 May 2024

  • SRT Market Update

    Issuance overview in April

    While March precipitated the first significant wave of SRT transactions of the year – notably through seasoned issuers and longstanding programmes – April was, according to investors, quieter on pricing execution.

    Reflecting on last month’s pipeline, one SRT investor notes: “I don't think anything – that I’m directly aware of – has closed in April. However what was .......

    SRT Market Update 13 May 2024

  • SCI Start the Week - 13 May 2024

    A review of SCI's latest content

    *CRT Awards 2024*
    The submissions period for SCI’s 2024 Capital Relief Trades Awards closes on 31 May. Apply now to secure your chance to be recognised and celebrated by the SRT industry at a gala black-tie dinner at RIBA HQ!
    *Please only include information in submissions that is ‘on-the-record’, as SCI reserves the right to use such information in an eventual awards write-up.
    *
    For .......

    News 13 May 2024

  • CFPB alleges student loan servicing failings

    Market updates and sector developments

    The CFPB has taken action against the National Collegiate Student Loan Trusts (NCSLT) and Pennsylvania Higher Education Assistance Agency (PHEAA) for multi-year servicing failures, alleging that the defendants failed to respond to borrowers seeking relief from student loan payments, including during the Covid-19 national emergency. The CFPB has filed proposed stipulated final judgments, which - if entered by the .......

    Market Moves 10 May 2024

  • US CRT prepped

    Citi back in market with a fresh CRT mandate

    SRT Market Update 10 May 2024

  • Job swaps weekly: Western Alliance Trust elevates CLO expert to president and ceo

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Western Alliance Trust Company appointing a new president and ceo with a background in CLOs, levered loans and securities custody. Elsewhere, Aon has hired an executive md of capital advisory, while Eversheds Sutherland has snapped up a Clifford Chance veteran as a capital-markets-focused partner.

    Western Alliance Trust has promoted md .......

    Market Moves 10 May 2024

  • Double whammy

    US Bank back with another but bigger IG CRT

    News 9 May 2024

  • Golub launches insurance solutions team

    Market updates and sector developments

    Golub Capital has launched an insurance solutions team to be led by newly appointed md and head of insurance solutions Jennifer Potenta. The launch of the team forms part of the firm’s plan to expand its investor partners group, which is focused on supporting the “specialised investment needs of different investor segments”, according to a statement issued by Golub.

    Market Moves 9 May 2024


  • European SRT: Shifting prices – video

    Alvarez & Marsal's Robert Bradbury speaks to SCI abo...

    .......

    News Analysis 8 May 2024

  • Efficient frontier

    Optimising returns in a post-Basel 4 landscape

    With the implementation of Basel 4 (also known as Basel 3.1 or Basel 3 Endgame) looming ever closer[1], banks are yet again facing a shifting regulatory landscape. Against this backdrop, KPMG has put forward a practical solution for advanced banks to proactively manage their capital, notably through the concept of an “efficient frontier.”

    The .......

    News Analysis 7 May 2024

  • Latest SRTx fixings released

    Following a strong Q1, the April indexes point to rising geo...

    The latest fixings for the SRTx (Significant Risk Transfer Index) have been released. In a shift from last month (SCI 10 April), volatility, liquidity and credit risk indexes all indicate a general shift in risk appetite.

    SRTx Spread Indexes have displayed some moderate widening in the SME segment (+1.2% in Europe and +1.1% in the US). .......

    News 3 May 2024

  • Exclusive mandate

    RCQ associates point to high demand for CRT specialists

    Structured credit head-hunters RCQ Associates (RCQ) have an exclusive mandate to help boost Bank of Montreal’s (BMO) CRT department in Toronto as North American issuers ready themselves for a busy second half of the year. 

    Edward James, founding director of RCQ, says: “We’re conducting an international search for people looking to make that move in Toronto. .......

    News 3 May 2024

  • Funded vs unfunded divide

    SRT Market Update

    This week investors and market insiders have highlighted a debate and disagreements regarding the future of unfunded SRT deals.

    Commenting on the matter, one SRT investor notes: “The UK regulator doesn’t seem to like unfunded deals – it doesn’t ban them, but it makes them very complex. Doing an unfunded deal requires you to look abroad.”

    Another investor .......

    SRT Market Update 3 May 2024

  • Job swaps weekly: Ashurst lures Fried Frank trio

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Ashurst hiring three structured products professionals, including a partner, from Fried Frank. Elsewhere, Capital Four’s US ceo has left the firm after three years, while HFW has appointed two executives from Norton Rose Fulbright to its global shipping and export finance practice.

    Ashurst has made three appointments to its US structured products, derivatives and .......

    Market Moves 3 May 2024

  • PRA and FCA confirm new UK securitisation rules

    Market updates and sector developments

    The Financial Conduct Authority’s (FCA) and Prudential Regulation Authority (PRA) have published policy statements on new securitisation rules. Alongside the UK Treasury’s draft statutory instrument on securitisation, which was published last week, the changes will come into force on 1 November and will replace EU securitisation regulations.

    The PRA’s statement was published alongside the Securitisation Instrument 2024 section of the PRA Rulebook.

    The .......

    Market Moves 2 May 2024

  • A long-awaited sequel

    SRT Market Update

    News 1 May 2024

  • Hey Magdalena

    SRT Market Update

    SRT Market Update 1 May 2024


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