Kroll Bond Rating Agency said it’s been green-lighted by the European Securities and Markets Authority (ESMA) to operate in the European Union.
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Fitch Ratings see a growing risk of weaker enforcement of mortgage contracts in Spain.
May 29 -
The Consumer Financial Protection Bureau is pushing for private student lenders and the government to help lower payments for borrowers after receiving thousands of complaints from consumers.
May 29 -
European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.
May 29 -
The latest generation of European CLOs may expose investors to a risk that didn’t exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.
May 29 -
The Structured Finance Industry Group’s first executive director hails from an issuer.
May 29
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In late April, the Turkish Catastrophe Insurance Pool (TCIP) issued its first catastrophe bond; conditions it would seem are ripe for other emerging markets to follow suit.
May 29 - Europe
With Global ABS around the corner, it’s only fitting that we turn our attention to Europe.
May 29 -
The commercial mortgage-backed securities market’s near miraculous turn around and the bonds’ plunging spreads, as well as indications of deteriorating credit quality, suggest buyers should beware.
May 29 -
A bipartisan group of senators led by Sen. Bob Corker, R-Tenn., is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.
May 29 -
Issuance of securitizations of prime auto loans is falling short of the pace in 2012, a trend that analysts from Wells Fargo ascribe partly to a shift in consumer behavior from buying to leasing.
May 29 -
A large portfolio sale of collateralized debt obligations reportedly planned by Royal Bank of Scotland is set to test market appetite for non-agency residential mortgage-backed securities.
May 29 -
The Prime Collateralised Securities initiative, announced a year ago, has been adopted by issuers but it still gaining credibility with regulators.
May 29