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GC Asia
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Bank balance sheets could be obscured, says Coen
The impact of coronavirus on economies has led to extraordinary help being granted to banks and their customers. But this brings the risk of problems on banks' balance sheets being hidden, according to William Coen, former secretary general of the Basel Committee on Banking Supervision.
14 Jan 2021 -
MEPs vote through harmonised NPL secondary market
The European Parliament's Committee on Economic and Monetary Affairs (ECON) has voted through regulation to harmonise the secondary market for NPLs across Europe, pushing through a key stage of its Action Plan aimed at rebuilding the European economy post-pandemic.
14 Jan 2021 -
TwentyFour out with first public RMBS of 2021
TwentyFour Asset Management has announced the first public UK buy-to-let RMBS of 2021, a £337m deal called Hops Hill 2021.
11 Jan 2021 -
PCS expands outreach team with ABS market pro
STS third-party verifier Prime Collateralised Securities (PCS) has hired Harry Noutsos as a managing director in market outreach.
11 Jan 2021 -
UK RMBS market anticipates moratorium extensions
Charities are calling for the UK government to extend the ban on evictions set to end on January 11, prompting speculation in the ABS market that mortgage moratoria will also be extended, thanks to the third lockdown now underway.
07 Jan 2021 -
Libor securitizations count down to April repo deadline
The European securitization market needs to whittle down its remaining ‘tough Libor’ legacy contracts without relying on help from the UK regulators, said the Association for Financial Markets in Europe (Afme) on Wednesday.
06 Jan 2021 -
Call for nominations and pitches — European Securitization Awards 2021
GlobalCapital is pleased to invite nominations for its 2021 European Securitization Awards, seeking to recognise the most notable and innovative deals, banks and market participants of 2020. We would also welcome pitches for Overall Securitization Bank of the Year, Securitization Deal of the Year, and Private Securitization of the Year.
05 Jan 2021 -
Sterling-heavy Q1 in store for securitization
The securitization market is expecting January to be dominated by sterling issuance, after a Brexit deal was finalised on Christmas Eve, with non-bank issuers revving up for 2021. SPV filings suggest Cerberus, Davidson Kempner, Belmont Green, and Kensington are all readying deals.
05 Jan 2021 -
GlobalCapital’s best 2020 articles on European securitization
When the year began, the European securitization market forecast a busy year for itself. Issuance levels in markets from synthetic risk transfer to CLOs had broken issuance records in 2019, with the year ahead expected to match if not outpace the previous year's volumes. Instead, the market found itself grappling with an outbreak which would close up issuance for months and set a new course for ABS. Linked below is a collection of GlobalCapital’s best securitization articles of 2020.
23 Dec 2020 -
UK mortgage binge may give boost to flagging RMBS origination
The UK mortgage market has had its busiest year since 2007 following the government’s increase in the stamp duty threshold at the beginning of the pandemic, which could prove a source of prime UK RMBS supply in 2021.
22 Dec 2020
RMBS
