CFTC gives further relief from reporting obligations
The US Commodity Futures Trading Commission (CFTC) has extended its existing 'no-action letter' relief and has given additional relief in regards to the reporting obligations that are required by the...
View ArticleNew solutions for systematic internalisers
Deutsche Börse has linked with SmartStream RDU for a systematic internaliser (SI) registration system, while Ullink has released a platform easing SI pre-trade transparency and request-for-quote (RFQ)...
View ArticleBlockchain ECP trial highlights need for central bank crypto-cash
KfW has joined the select group of capital markets institutions to have issued a security using blockchain technology. Though only a proof of concept, the transaction highlighted the fact that, without...
View ArticleComptroller sees “cracks” in MPL performance, urges Congress to clarify Madden
Acting Comptroller of the Currency Keith Noreika warned in a Monday speech of the rising delinquency rates for unsecured consumer loans originated by marketplace lenders, and called on Congress to take...
View ArticleGreenworks closes first ever commercial PACE deal
Commercial Property Assessed Clean Energy (PACE) lender Greenworks Lending closed an inaugural transaction backed by mid-sized commercial PACE assets on September 25, with plans to become a frequent...
View ArticleCLO investors lever up against flat credit curve
With an increasing amount of leverage available in the CLO market, hedge funds are creeping up the CLO capital stack to buy higher rated bonds, while insurers slip down the capital structure to buy...
View ArticleA pair of French fancies on offer on Wednesday in corporate market
Both investment grade corporate bond new issues on Wednesday came from French issuers. Surprisingly, Total issued its first euro bond of 2017, while PSA Banque France sold its second.
View ArticleSocGen appoints global FIG head
Société Générale CIB has promoted a banker internally to head its financial institutions group in investment banking.
View ArticleCerberus to float Bawag after 10 year turnround
Bawag, the Austrian banking group that has been owned by Cerberus since 2007, will attempt to go public in Vienna this autumn, with an IPO that will provide a serious test of the strength of investor...
View ArticleDollar three year train trundles on as SSA pair line up after Finnvera
A glut of short end dollar issuance this week is set to ramp up on Thursday, after a pair of rare names in the currency mandated on Wednesday. The trades will follow a strong showing from Finnvera...
View ArticleING’s loan syndication and sales VP leaves
Henrik Ljungstrom has left his role on ING's loan syndicate and sales team after almost three years.
View ArticleKfW goes super-tight in dollars as green investors pile in
KfW has punched through its conventional curve with a dollar green bond that left bankers away from the trade a similar colour of envy. More SRI supply is on the way, after the European Bank for...
View ArticleICE announces FANG+ index as strategists warn on US equities
Intercontinental Exchange (ICE), the US exchange and clearing house operator, is launching an NYSE FANG+ index, to help investors taking exposure to high growth, liquid technology stocks.
View ArticleHKEX to introduce iron ore futures
Hong Kong Exchanges and Clearing (HKEX) is to start offering iron ore futures contracts from November.
View ArticleLegacy RMBS holders hit by more trustee action
US Bank has held on to a chunk of cash in a pre-crisis Lehman Brothers RMBS deal of which it is a trustee to pay potential legal costs relating to the bonds, three months after a similar move from...
View ArticleDiamond Resorts adds to growing pipeline of esoteric ABS
Diamond Resorts International is marketing its first timeshare deal of 2017, amid interest from ABS market participants for off-the-run asset classes following last week’s ABS East Conference.
View ArticlePortuguese bank issuance poised to resume
Portuguese bank debt all but disappeared from the market a few years ago, but with the Novo Banco sale poised to go through and S&P upgrading the sovereign’s credit rating, it may not be long...
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