Nodal Clear wins ESMA approval
Nodal Clear, the clearing house subsidiary of Nodal Exchange, has been recognised by the European Securities and Markets Authority (ESMA) as a third-country central counterparty.
View ArticleCVC takes 25% stake in CLH at €1.5bn
CVC has acquired a 25% stake in Spanish oil transportation and storage firm CLH, making it the largest shareholder in the firm.
View ArticleISDA publishes annual determinations committee
The International Swaps and Derivatives Association has published the annual composition of its determinations committee.
View ArticleFed's Dudley sounds alarm on impact of student debt on mortgage market
William Dudley, president and CEO of the Federal Reserve Bank of New York, issued a warning on Monday about the potential long term negative impact of soaring US student debt levels on homeownership.
View ArticleIberostar exits ACS Group via €554m Jefferies block
Shares in ACS Group, the Spanish civil engineering company, closed 1% lower on Tuesday after Iberostar Hotels & Resorts, the Palma-based hotel chain, sold its entire 5.61% stake in a block trade,...
View ArticleSSAs cram into Wednesday window
Public sector borrowers are lining up a three pronged attack on Wednesday in a dollar market that is enjoying its widest swap spreads of the year. Quebec is attempting the first 10 year dollar...
View ArticleCFTC names first intelligence officer
Andrew B. Busch has been named by US Commodity Trading Futures Commission (CFTC) acting chairman, Christopher Giancarlo, as the Commission's first chief market intelligence officer.
View ArticleSouth Africa’s national treasury takes a tip from Trump
The Treasury of South Africa has taken to Twitter to save its investment grade status. But taking a Donald Trump approach to communicating with the world, while passing responsibility for its credit...
View ArticleDTCC hires new equity clearing manager
The former chief operating officer of the Options Clearing Corporation (OCC), Michael McClain, has joined the Depository Trust and Clearing Corporation (DTCC) as general manager of equity clearing.
View ArticleNavient should drop the customer-friendly claims
As Navient braces itself ahead of a fight with the Consumer Financial Protection Bureau, it's arguing it's just an arm's length student loan servicer — while continuing to claim a more...
View ArticleNLFI brings second €500m block trade in ASR Nederland
NLFI, the organisation that manages investments for the Dutch government, has launched its second block trade of shares in ASR Nederland, the insurer that was nationalised during the financial crisis,...
View ArticleNew issue CLOs take a back seat to refis in historic quarter
Issuance of US CLOs reached historic levels in the first quarter of the year, but the number of new deals paled in comparison to refinancing and resets of legacy transactions.
View ArticleThe Fillon threat to OATs and BTPs
Fears of Marine Le Pen winning this year’s French presidential election may have receded but investors should be hoping for a strong performance from frontrunner Emmanuel Macron at an election debate...
View ArticleResidential PACE lender hires former GSE bigwig
Paige Wisdom, the former chief enterprise risk officer at Freddie Mac, has joined residential Property Assessed Clean Energy (PACE) lender Renovate America as CFO.
View ArticleCov-lite not yet a problem for EU CLOs, but recovery data unclear
Speakers at the IMN Investors’ Conference on European CLOs and Leveraged Loans, held in London on Wednesday, said that ‘covenant lite’ loans in CLOs are not yet a problem for the market, but warned the...
View ArticleRed hot dollar market snaps up SSAs
The dollar market was on spectacular form on Wednesday, with a Canadian province pushing out a rare 10 year bond, a supranational smashing its size record and a $4bn five year from a German agency.
View ArticleEuro corporate market shows signs of wear
The corporate bond market in euros market is still pumping out trades, but there are small cracks starting to show in the market after a bumper March issuance window.
View ArticleFMS-W keeps short in euros
FMS Wertmanagement has picked four banks for a short end euro transaction, making the most of the reopening of an area of the curve that has hosted very little public sector issuance in the past year.
View ArticleESMA gives clarity on MiFID II concerns
The European Securities and Markets Association has issued detailed guidance reports on the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR), answering...
View ArticlePrivate equity mortgage exits heat up with Irish NPL deal
A Lone Star fund has launched a new securitization backed by non-performing Irish mortgage originated by Bank of Scotland, the second deal backed by Irish legacy assets to emerge this week as private...
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