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Is there a Path through the Woods?
24 May 2013
Publication
There had been much disquiet over the impact on managed CLOs of the "skin
in the game" requirements. However, as arbitrage economics and investor
sentiment become more favourable for European CLO issuance, structures
were coming to market which sought...
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Is Spring returning for European CLOs?
8 March 2013
Publication
Since the onset of the financial crisis there has been a dearth of CLO issuance in Europe, while on the other side of the Atlantic the market has rebounded healthily. Now, at long last, green shoots are beginning to emerge in a European thaw. In this article...
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Recent Developments in Assets Securitisation in the PRC
23 August 2012
Publication
Chinese domestic securitisation, after a few years of rapid growth from 2005 onwards under a variety of pilot schemes, was brought to a halt after the onset of the global financial crisis. Recent measures promulgated in May which promote the re-start of credit...
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New Outlooks - Review and analysis of new developments affecting international structured debt transactions
6 July 2012
Publication
Securitisation markets have proved remarkably resilient since the Eurozone crisis re-ignited in the summer of 2011. Many financial institutions have found securitisation a key funding tool in markets where concern among investors about the possible failure of...
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New Landscapes: Practical evaluations of new regulations impacting structured debt transactions
10 June 2011
Publication
Market professionals consider that securitisation issuance in Europe in calendar year 2011 is likely to reach €100-€150 billion (excluding central bank liquidity trades). This is up from approximately €90 billion in 2010 and underlines a recovery...