Weekly Issue Archive »

Issue 919 - 13th September

  • News Analysis

    • Capital Relief Trades

      • Secret Revolution

        How will the US regional bank market develop?

        The US CRT market is slowly absorbing volumes and experiencing increased growth from unexpected players. Regional bank deals may herald how the jurisdiction will develop. Pinnacle Financial Partners and Valley National Bank entered the market last...

      • Called to the Barr

        CRT still makes sense for US banks despite slimmed down B3E

        The significant retrenchment of Basel III Endgame (B3E), the details of which were announced in a speech by Federal Reserve vice chair of supervision Michael Barr this morning, will not materially affect issuance of reg cap deals by US banks, say mar...

      • Regulating mood

        Advisory's insights on how to remove SRT regulatory barriers

        SCI catches up with Jonas Bäcklund, ceo of Revel Partners, to analyse suggestion on how regulatory tweaks could bolster growth to the European SRT market. The conversation comes as Mario Draghi, former president of the European Central Ban...

    • RMBS

      • Engineering efficiency

        Structural changes afoot across UK RMBS market

        The UK RMBS market continues to evolve as new innovative transaction features emerge with issuers seeking to tackle inefficiencies – an inch at a time. New developments include the use of back-up swap structures to manage counterparty risk,...

  • SRT Market Update

    • Capital Relief Trades

      • Sub-par

        SRT market update

        The impact of new entrants – otherwise commonly or derogatorily referred to as tourist investors – is continuing to split opinion in the SRT market, with some saying spreads are becoming unreflective of risk. In this co...

  • News

    • ABS

      • Off to a flier

        Busy week points to standout September for European and Australian ABS and MBS

        As the third quarter of 2024 winds down, September is shaping up to be a standout month for the European and Australian ABS and MBS markets. According to a recent JP Morgan report, the ABS market roared back to life in the first week of the month, fo...

    • Structured Finance

      • Silver lining

        Optimism around strong growth in RMBS and ABS at S&P conference

        Market participants shared widespread optimism at S&P Global Ratings' European Structured Finance conference, buoyed by robust growth and the resilience of the European and UK ABS and MBS markets. Despite global economic challenges, issuance...

    • Asset-Backed Finance

      • Prodigal student standards

        Standard and Prodigy announce US$24m student loan partnership

        Standard Bank has announced a US$24m funding partnership with Prodigy Finance to support African students intending to pursue postgraduate studies at international universities. The partnership includes US$22m from Standard Bank, with additional firs...

    • CLOs

      • Ringing the bell for CLO ETFs

        Palmer Square Capital Management launches two CLO credit ETFs

        Asset manager Palmer Square Capital has launched two exchange traded funds (ETFs), both of which provide retail investors with access to structured credit markets. Palmer Square Credit Opportunities ETF (PSQO) and Palmer Square CLO Senior Debt ETF (P...

  • The Structured Credit Interview

    • ABS

      • Seeds of evolution

        illimity's Lionetti answers SCI's questions

        Tech-focused Italian banking group illimity recently announced the structuring of two new loan securitisation programmes to support SMEs and agricultural businesses in Italy, following on from the launch of its first securitisation programme...

    • CLOs

      • Strength on several fronts

        Ninety One's Barua answers SCI's questions

        New issuance CLO volumes are on course to challenge previous full-year records and the market is well-positioned to weather any recessionary fears, according to Rondeep Barua, securitised products analyst at Ninety One. Barua speaks to Camilla Vitanz...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Chatham AM appoints four for new CLO management team

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Chatham Asset Management establishing a CLO management business with four key hires. Elsewhere, Freddie Mac has selected a new ceo, while Arini has named a CLO portfolio manager to replac...

    • Capital Relief Trades

      • New partnership

        Market moves and sector developments

        GP stakes firm Armen and Chorus Capital (Chorus) have announced a strategic partnership. As part of the partnership, Armen will acquire a 16% minority equity stake in Chorus Capital. The transaction – which is targeted to close by the end o...


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