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The Federal Deposit Insurance Corp. today priced its second securitization of seized bank assets.
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The U.K.’s Financial Services Authority has urged banks to diversify their sources of funding, through debt issuance or securitization, to prepare for a future funding gap.
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The European Central Bank’s plan to introduce loan level data reporting for primary issuance will not address the cause of Europe’s credit market collapse, according to a treasury official at a large U.K. bank.
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Court case outcomes in the U.S. could improve the credit quality of all global monoline-wrapped MBIA Insurance securitizations.
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The European Central Bank’s plan to lend its €39.6 billion ($53.8 billion) of purchased covered bonds to the region’s investment banks will have a neutral affect on supply, according to a spokesman at the bank.
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The demands facing banks investing in structured finance products under the European Commission’s revised Capital Requirements Directive remain unclear, according to Rachel Kelly, partner at Clifford Chance.
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Cash collateralized debt obligations chalked up the biggest chunk of trading losses for investment banks in the U.K. over the financial crisis—36.6% of the total against 7.61% for bespoke credit derivatives.
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European bank’s injecting liquidity into their distressed sponsored deals via liquidity facilities could be forced to hold the same amount of highly liquid assets on balance sheets.
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Toxic paper housed in Europe’s bad banks will find an investor base, according to speakers at a recent structured credit conference in London.
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The U.K. Financial Services Authority is placing greater scrutiny on structured finance products as the market begins to stir back to life, and will veto any structures it considers too risky.