Capital Relief Trades
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Assertive response
ACC issues comment letter
The Alternative Credit Council (ACC)[1] provided a response to the International Monetary Fund’s (IMF) Global Financial Stability Report (GFSR), opening a dialogue and challenging technical assumptions.
Last October, the IMF disputedly argued that certain innate SRT characteristics could increase risks to financial stability, notably the perceptions that SRTs may elevate interconnectedness and create negative .......
News 17 January 2025
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Job swaps weekly: Axis hires structured credit lead
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Axis appointing a new SRT-focused structured credit lead in its capital risk solutions team. Elsewhere, Orrick has promoted two securitisation lawyers to partner in New York, while Ares Management has elevated a partner to co–head of alternative credit.
Insurance and reinsurance business Axis has hired Bryan Niggli as structured credit lead .......
Market Moves 17 January 2025
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SCI in focus: Risk transfer at the ready
CRT an invaluable tool in GSE march to privatization – and beyond
Privatisation of the GSEs is back on the cards, but this time around CRT could play a crucial role not only in accelerating the route out of conservatorship but also in maintaining capital requirements once the exit has been made, say market experts.
News Analysis 14 January 2025
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Latest SRTx fixings released
Comprehensive consolidation
Having moved into 2025, the US election result unsurprisingly remains a point of focus, with the Trump win expected to translate into less stringent antitrust regulations and lower interest rates, sparking more M&A transactions and driving dealmaking in private credit. Nevertheless, varying views across the globe with respect to political ideology, and differentiating views on the levels of interest .......
News Analysis 14 January 2025
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Job swaps weekly: Aperture expands into structured credit
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Aperture Investors hiring a senior executive to lead its newly launched structured credit division. Elsewhere, JPMorgan is fleshing out its global CLO primary team with a number of senior promotions and new hires, while two industry veterans have co-founded capital markets service provider Altius Advisors.
Aperture Investors has hired Vladimir .......
Market Moves 10 January 2025
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Job swaps weekly: Dentons elects Europe board members
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Dentons elect new members to its Europe board and hire a new partner in London. Elsewhere, Deutsche Bank has appointed a former Citi executive as lead structurer, while fintech company Intain has lured a structured credit, derivatives and mortgages veteran to its board.
Dentons has elected its European and Italian .......
Market Moves 13 December 2024
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Two's company..
More buyers than ever but less see reg cap trades, says research
News Analysis 12 December 2024
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Latest SRTx fixings released
Shift in liquidity
Undeniably, the political uncertainty which surround the US presidential election has reduced and turned to policy anticipation. With it the dollar strengthened, US stocks reacted positively, and treasury yields moved higher. Such recalibration would suggest and reflect some enthusiasm for pro-growth policies, but also near-term inflation and fiscal uncertainty. The scope and timing of legislative changes under a second Trump presidency remain .......
News 12 December 2024