* New CLOs accused of skirting retention rules
* Split retention suggested as possible alternative
* Lawyers should be made more responsible for advice
BRUSSELS, June 19 (IFR) - Sharon Bowles, MEP and Chair of the European Parliament's Economic and Monetary Affairs Committee, has defended the European Banking Authority's technical standards on collateralised loan obligations.
Washington, D.C.—The level of commercial/multifamily mortgage debt outstanding decreased by $4.9 billion, or 0.2 percent, in the first quarter of 2013, the first quarterly decrease since the third quarter of 2011, according to the Mortgage Bankers Association (MBA).
LONDON, June 18 (IFR) - Ian Gilday, Goldman Sachs' former head of EMEA syndicate and leveraged capital markets, has assumed a new role as head of origination for collateralised loan obligations (CLOs) in the EMEA region, according to an internal memo obtained by...
The Carlyle Group said on Monday that it has closed €350 million for its new European CLO fund. The fund will invest in new issue and secondary market European senior bank loans. Barclays arranged the transaction.
London, UK – Global alternative...
An attempt by two big Wall Street banks to revive notorious credit boom-era securities blamed for exacerbating the global financial crisis has failed after investors balked at buying some of the derivatives on offer.
JPMorgan Chase and Morgan Stanley have scrapped a plan to sell “ synthetic collateralised debt obligations ” – sliced and diced pools of credit derivatives – after failing...
Royal Bank of Canada, the country's largest lender, and several units were sued by Rakuten Bank Ltd. over claims it marketed and sold unsuitable securities backed by deteriorating mortgage loans that wiped out a...
Markit, a leading, global financial information services company, today announced that it is adding new loan performance data and analytics to its set of services that streamline the construction and management of collateralised loan obligations (CLOs).
Markit's extensive end-to-end CLO solution helps managers optimise investment performance and minimise operational costs. The servicesâ–ª ...
Link to Fitch Ratings' Report: Avery Point II CLO, Limited/Corp. (US Structured Credit)
Fitch Ratings expects to assign the following rating and Rating Outlook to Avery Point II CLO, Ltd.:
--$304,000,000 class A notes 'AAAsf'; Outlook Stable.
Avery Point II CLO, Ltd. is an arbitrage cash flow collateralized loan obligation (CLO) that will be managed by Sankaty Advisors, LLC (Sankaty).
GoldenTree Asset Management is planning a collateralized loan obligation backed by European assets, but only offered to investors outside the region.
The deal would mark something of an early experiment in efforts by managers to blunt the effects of a European Banking Authority proposal that would bar them from counting sales of CLO equity toward a separate European Commission...
Has Frankenstein returned? That is a question some investors might ask when they look at the world of collateralised debt obligations. After all, a mere three years ago it seemed as if the really monstrous forms of CDOs that proliferated during the credit bubble had been killed off. Most notably, issuance of so-called synthetic CDOs – or bundles of derivatives based on corporate,...
The FirstRain research engine finds and analyzes the latest
information on companies, their market and the business trends impacting
the financial markets.
These results are based on searches of publicly available information on the Internet conducted by the provider of these results. Links are provided to you so you can access the original articles.
Fidelity has not been involved in the preparation, adoption or editing of Third Party Content on this web page and is not responsible for and does not explicitly or implicitly endorse or approve such content. The information on this page should not be viewed as a recommendation by Fidelity for or against any stock or sector. These Third Party views and opinions may be subject to change at any time based on market and other conditions.