Randal Quarles, who oversaw an easing of post-financial crisis rules as the Federal Reserve’s vice chair of supervision, announced he will resign at the end of this year. His departure will leave President Biden with another open seat to fill on the central bank’s board.

Delinquencies fell in nearly every commercial-loan category, at trend anticipated to continue.

Sponsor mitigates aviation industry’s Covid woes with structural features including novel element.

Auto-related issuers seek funding as end to Libor and 2021 approach.

The deal carries relatively low leverage and high subordination.

Stronger collateral and less credit enhancement reflect lessening pandemic risk.

Moody’s: Rapidly evolving electronic-vehicle technology poses collateral risk also for traditional rental-car ABS.

One downgrade stemmed from a default, with three others warning of pending defaults.

Adjustments to Fitch’s CLO rating criteria place numerous deals under observation, but so far only rating upgrades have resulted.

Still relying on Libor, Brightwood SPV Advisors is approaching the market with its first collateralized loan obligation transaction of 2021, which is structured similarly to its last CLO priced in December 2020 and illustrates what a difference a year can make in terms of pricing.

Limited partners and investors have stepped up their requests for climate change data on the portfolio level over the last 12 to 24 months, according to 78% of asset managers focused on high yield and leveraged loan bonds.

Benchmark will issue 21 classes of certificates, with 13 entitled to principal and interest payments. Six classes will receive interest only.