Weekly Issue Archive

Record levels of US auto ABS to continue in 2025

Country could exceed last year's record issuance, but tariff-related uncertainty looms

The US auto ABS market is set to experience another strong year of issuance in 2025, based on strong investor demand for recent transactions and positive consumer sentiment surrounding lower interest rates. However, it will have to contend with geopo...
Real Madrid: future of football finance?

Wave of stadium financing deals set to modernise European sports investment

Real Madrid President Florentino Pérez is reportedly considering plans to restructure the football club’s ownership model with one that may resemble the German 50+1 approach, with the club introducing private investment while rem...
CLO success factors

Panellists at SCI and Reed Smith CLO event discuss sustainability, new entrants and long-term track ...

Sustainability considerations, an accelerating influx of new managers and the CLO asset class’s long-term track record were at the core of discussions at a recent SCI CLO event hosted by Reed Smith. SCI spoke to a panel of experts for their...
Rates rupture

AOCI distress opens door to reg cap for regionals

With this week’s significantly stronger than expected CPI data, the “higher for longer” rate outlook is reinforced, and with that AOCI difficulties at US regional banks loom larger. This, in turn, suggests that reg cap t...

Potential new player identified for SRT issuance

SRT market update

Financial sector research firm Autonomous Research (Autonomous) has identified a major European bank as a prime candidate for future SRT issuance. A well-known fact in the SRT market is that transactions referencing portfolios of large corporate lo...
Greek synthetic

SRT market update

The European Bank for Reconstruction and Development (EBRD) and Greek commercial lender Piraeus Bank (Piraeus) have, it has emerged, closed a synthetic securitisation. Piraeus confirmed that the multilateral development bank acted as a co-investor...
EIB inks transaction targeting gender equality

SRT Market Update

The EIB, the EIF, Santander Bank Polska and Santander Leasing have closed a synthetic securitisation targeting Polish SMEs, with a particular focus on financing businesses that meet gender equality criteria. The transaction is set to mobilise up to P...

Fools rush in...

GSE exit from conservatorship needs careful handling, says SFA

The US government should tread warily in any efforts to free the GSEs from conservatorship, Structured Finance Association (SFA) ceo Michael Bright said yesterday (February 11). Since the November election the return of Fannie Mae and Freddie Mac t...
Regional views from New York

Conference roundup

SCI’s ninth annual risk transfer and synthetics seminar took place last week in New York, and the agenda covered a broad array of topics currently impacting the US CRT/SRT market. These ranged from regulatory reforms, the latest development...
Ever closer

Norwegian SRT market gets further boost

Last week, the Norwegian government has submitted its proposal for SecReg implementation to the Parliament for formal approval.[1] Coincidentally or not, such announcement matches quite closely the Centre Party's exit from the ruling coali...

SABL 'mutually beneficial' for private credit funds and banks

Cadwalader partner Jeffrey Nagle and special counsel Michael Lynch outline the significant benefits ...

The rise of private credit has been one of the biggest stories in finance in the last decade, and some observers forecast that by 2028 the private credit market once again will double in size. This continued growth, as well as other market and regula...

Job swaps weekly: ARC promotes two and appoints APAC chair

People moves and key promotions in securitisation

This week’s roundup of securitisation job swaps sees ARC Ratings making a number of senior structured-credit-focused appointments spanning Europe and Asia. Elsewhere, Cadwalader has added three fund finance partners in London, while CIFC As...
Tech to streamline funding solutions

AI meets ABF in new strategic partnership

Encina Lender Finance (ELF) and securitisation fintech Cardo AI have formed a strategic partnership aimed at improving efficiency, transparency and accessibility across the burgeoning ABF market. The two firms hope to “revolutionise&rdq...