The International Association for Credit Portfolio Managers says that 68% of respondents worldwide expect an increase in defaults in the European investment-grade space this summer; 59% see the same for high-grade North American firms.
Fitch Ratings and Moodys Investors Service have assigned preliminary ratings to a 700 million, 18-month revolving securitization of unsecured consumer auto loans issued and serviced by Banco Bilbao Vizcaya Argentaria, S.A.
Masters a former JPMorgan Chase executive who is currently chief executive of Digital Asset Holdings will serve on Banco Santander's international advisory board, and she will also join the board of Openbank, the company's online bank.
Dutch mortgage lender Obvion N.V. is structuring its 34th securitization of residential mortgages through its Purple Storm 2016 B.V trust.
New rules designed to stop U.S. companies from moving their tax addresses offshore are so written so broadly that they could disrupt the securitization market, the trade group warned.
A nascent private bond market in France is expected to grow significantly over the next two years, and could complement, or possibly compete with, securitization of loans to small and medium-sized enterprises.
A policy fight is threatening the recovery of collateralized loan obligations in Europe.
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.
The latest generation of European CLOs may expose investors to a risk that didnt exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.
With Global ABS around the corner, its only fitting that we turn our attention to Europe.
Managing Director, Structured Products
Firm: Guggenheim Securities
State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.Current Issue