Weekly Issue Archive »

Issue 784 - 11th March

  • News Analysis

    • CDS

      • Test case

        CDS market ponders Russian sanctions

        Western sanctions on Russia  are putting the CDS market in relatively uncharted territory given the challenges it potentially raises for the running of auctions. Indeed, the latter hampers liquidity and the settlement of CDS contrac...

    • Structured Finance

      • Coordinating outfit

        ESG advisors gaining traction

        ESG advisors are gaining traction in the securitisation market, as sustainability becomes an ever-more import consideration for investors and issuers. This Premium Content article investigates what the role entails. As sustainability becomes an eve...

  • News

    • ABS

      • Expectation gap

        European ABS/MBS market update

        Macro volatility continued to push European and UK ABS/MBS spreads wider last week in a quiet secondary market, with activity further hampered by differences in participants’ expectations. Meanwhile, the primary market remains side-lined. ...

      • POS ABS prepped

        Barclays backstops UK debut

        Barclays is in the market with the UK’s first point-of-sale (POS) loan ABS. Dubbed Pavillion Point of Sale 2021-1A, the transaction is backed by a £491.57m revolving pool comprising 894,320 unsecured loans granted to private indiv...

    • Structured Finance

      • SCI Start the Week - 7 March

        A review of SCI's latest content

        IWD: Breaking the bias in structured finance International Women’s Day, on 8 March, is an opportunity both to celebrate women across the globe from all walks of life and to strive further for their equality. This year, the IWD campaign is...

      • ESG seminar line-up finalised

        Sustainable securitisation on the agenda

        SCI’s inaugural ESG Securitisation Seminar is taking place in-person on 16 March at the London offices of Clifford Chance. The event will examine the role that securitisation can play in sustainable finance and the challenges that need to b...

    • CMBS

      • Ratings furore

        Industry pushback throws into doubt S&P CMBS ratings action

        S&P this week agreed to push back the RFC period for its proposed changes to ratings for securitized securities held by insurers from March 18 to April 29. This is the second extension to the time allowed for the RFC, whic...

    • Regulation

      • Legacy Libor

        Senate passes Libor act, but worries about adequacy of SOFR remain

        The US Senate yesterday passed the Adjustable Interest Rate (LIBOR) Act into law, but market sources say the replacement of Libor by SOFR in legacy contracts will precipitate legal action. Problems are predicted as there is currently a wid...

  • Talking Point

    • Structured Finance

      • 'Show, don't just tell...'

        Celebrating IWD: on why women need more leadership role models

        That diversity increases innovation and competitiveness for business is well-understood, but efforts to embrace it may still only be window-dressing in the case of the securitisation market. In the first article in our series celebrating Internationa...

      • Boosting the bottom line

        Celebrating IWD: on the need for equal pay

        Firms with diverse leadership are 21% more likely to outperform from a profitability perspective, according to findings in McKinsey & Company’s Diversity Series. In the second article in SCI’s series celebrating Internatio...

      • Paying it forward

        Celebrating IWD: on empowering the next generation of women

        Alston & Bird’s structured finance practice is notable in the industry for being led by female partners and for women making up the majority of the overall team. For the third article in our series celebrating International Women&am...

      • 'We all have a part to play'

        Celebrating IWD: on attracting more women to leadership positions

        Lucy Oddy, securitisation partner at Allen & Overy, is perceived as lucky to work in a team full of female talent. But, in the final article of our series celebrating International Women’s Day, she puts it down to a winning combinat...

  • Provider Profile

    • Structured Finance

      • Growing presence

        Mia Drennan, president, founder and co-chair of GLAS, answers SCI's questions

        Q: What is your strategic vision for GLAS and its continued expansion and growth in the US? A: GLAS was founded in 2011 and we expanded into the US in 2016. Once we secured the necessary regulatory licenses and approvals to operate in the US, we beg...

  • Market Moves

    • Structured Finance

      • MV Credit plans to open new office

        Sector developments and company hires

        Natixis Investment Managers affiliate, MV Credit, is set to open a new Paris office under the leadership of Arnaud Heck. The new entity will integrate Ostrum Asset Management’s former private debt team to establish a new team of 16 at MV Cr...

      • Carlyle tops rankings on CLO acquisition

        Sector developments and company hires

        Carlyle is set to acquire from CBAM Partners a portfolio of assets using a combination of US$615m in cash from Carlyle’s balance sheet and approximately 4.2 million newly issued common shares. CBAM’s US$15bn in assets under manage...


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