Complete news archive
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SCI MM CLO Awards: Innovation of the Year
Winner: Lake Shore MM CLO IV
Priced on the very first day of our awards year, 1 October 2021, First Eagle Alternative Credit’s Lake Shore MM CLO IV, led the way in so many other respects. Our innovation of the year not only provided an innovative structure subsequently duplicated by other managers, but took the unusual step of syndicating, via arranger Wells Fargo, such .......
News 17 November 2022
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Global Risk Transfer Report: Chapter three
In the third of six chapters surveying the synthetic securit...
Synthetic securitisation, once tarnished by association with the global financial crisis, has long since come in from the cold. The regulatory framework has developed significantly in Europe since the introduction of the new European Securitisation Regulation in January 2019, culminating in the inclusion of significant risk transfer transactions in the STS regime in April 2021. This label has provided .......
Talking Point 17 November 2022
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ESG activation consortium launched
Sector developments and company hires
ESG activation consortium launched
Market Moves 17 November 2022
Dexai-Etica Artificiale, Establecimiento Financiero de Crédito, European DataWarehouse (EDW), Hypoport, Unión de Créditos Inmobiliarios, Università Ca’ Foscari Venezia and Woonnu have launched the ‘Engage for ESG Activation Investments’ (ENGAGE) project, which .......
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SCI MM CLO Awards: Deal of the Year
Winner: Golub Capital Partners CLO 18(M)-R2
A second reset of a middle market CLO upsized for a second time to now stand at over US$1.2bn would be notable enough. But GC Investment Management’s Golub Capital Partners CLO 18(M)-R2, arranged by SMBC Nikko, was also successfully priced while the market was still coming to terms with a new benchmark and amid heightened market volatility following the .......
News 16 November 2022
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Action stations?
Reporting template review welcomed
The European Commission’s conclusion in its much-awaited report on the functioning of the Securitisation Regulation that more time is needed to assess the impact of the new framework (SCI 11 October) has broadly been accepted by the securitisation industry, while calling for more action as soon as possible to help boost the securitisation market in Europe. The Commission’s .......
News Analysis 15 November 2022
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Conflict of interest charge settled
Sector developments and company hires
Conflict of interest charge settled
The US SEC has charged .......
Market Moves 15 November 2022
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Staying strong
Partnership approach hailed as basis of SRT success
SRT pricing is, generally speaking, currently approximately 200bp wider compared to the beginning of 2022. Yet pricing has remained relatively sticky within a range, demonstrating the success of the partnership approach involved in capital relief trades, which tend to be much more negotiated and tailored.
“Despite the difficult economic environment, we believe 2022 has been a successful year .......
News Analysis 15 November 2022
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Liquidity event shows ABS 'did its job'
Sector developments and company hires
Liquidity event shows ABS ‘did its job’
The volume of European ABS and CLO bonds listed on BWICs between the UK government’s ‘mini-budget’ announcement .......
Market Moves 14 November 2022
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Alternatives ESG disclosure template launched
Sector developments and company hires
Alternatives ESG disclosure template launched
A group of leading alternative asset managers and industry bodies in the private and broadly .......
Market Moves 10 November 2022
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SCI In Conversation podcast is now live!
We discuss the hottest topics in securitisation today...
In the latest episode of the SCI In Conversation podcast, SCI Deputy Editor Angela Sharda chats to MidOcean Partners md and ESG/compliance officer Candice Richards about the firm’s Women’s Awareness Initiative, a programme that is committed to bridging the gender diversity gap in the asset management industry. She is joined by MidOcean senior portfolio manager Joseph Rotando, who .......
News 10 November 2022
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Global Risk Transfer Report: Chapter two
In the second of six chapters surveying the synthetic securi...
Synthetic securitisation, once tarnished by association with the global financial crisis, has long since come in from the cold. The regulatory framework has developed significantly in Europe since the introduction of the new European Securitisation Regulation in January 2019, culminating in the inclusion of significant risk transfer transactions in the STS regime in April 2021. This label has provided .......
Talking Point 10 November 2022
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Irish, UK NPE disposals inked
Sector developments and company hires
Irish, UK NPE disposals inked
The Bank of Ireland has reached agreements to dispose of portfolios of Irish and UK non-performing exposures, through two .......
Market Moves 9 November 2022
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MM CLO Seminar line-up finalised
Awards ceremony to debut
SCI’s 3rd Annual Middle Market CLO Seminar is taking place in-person on 15 November at the offices of Clifford Chance in New York. The event will cover the sector’s continuing evolution and its future potential, and marks the debut of SCI’s MM CLO Awards.
The seminar begins with a keynote address by Christopher Gilbert, head of US .......
News 9 November 2022
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New landscape
ABS litigation 'rules of engagement' explained
US subprime RMBS disputes could impact ABS deal structures and related litigation in five pivotal ways. Against this backdrop, it is incumbent on parties to plan accordingly to navigate the new ABS litigation landscape.
“A lot of the changes over the years and more recently have been in favour of defendants, who have been gaining momentum,” says .......
News Analysis 8 November 2022
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Policymakers urged to address securitisation 'strategic loss'
Sector developments and company hires
Policymakers urged to address securitisation ‘strategic loss’
Market Moves 7 November 2022
A group of nine organisations representing key participants in the European securitisation market have written a public letter to EU policymakers, calling on them to take urgent targeted measures to ensure that securitisation can support the European economy during a testing period marked by macroeconomic uncertainty. The letter highlights how securitisation volumes in .......