The European Central Bank hired BlackRock Inc, the worlds biggest money manager, to advise on developing a program to buy asset-backed securities.
Silver Arrow Compartment 5 will be Mercedes-Benz Bank's fourth German publicly-rated asset-backed securities transaction.
Volkswagen Financial Services plans to issue a securitization backed by U.K. auto loans, according to Standard & Poors.
Delta Lloyds' latest Dutch residential mortgage securitization has an innovative work around to regulations that make it unattractive to use swaps to hedge interest rate mismatch.
Fitch Ratings believes bond insurance can have significant value, even when the bond insurer is rated the same or lower than the underlying rating on the wrapped bond upon issuance.
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.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.Current Issue