Consumer ABS

There has been strong investor interest in the secondary and primary markets for European auto securitizations, according to panelists at the Global ABS 2012 conference being held in Brussels this week by Information Management Network and the Association for Financial Markets in Europe.

Expectations for an effort to rebrand Europe’s securitization industry, making it more acceptable to regulators and investors, are decidedly mixed.

GE Capital is issuing two securitizations worth $680 million via the public market.

Scholar Funding Trust plans to issue the $219 million student loan securitization, according to a Fitch Ratings presale report.

Global ABS 2011 – Today kicks off Information Management Network’s (IMN) Global ABS 2012 in Brussels. The conference will be held until Thursday, June 14.

Three new auto-related deals are adding to what already accounts for the bulk of this year's ABS issuance.

MassMutual Asset Finance LLC is marketing a $705 million equipment lease securitization.

Fitch Ratings said today that a substantial rise in defaults would lead to incremental losses in privately funded student loan ABS pools.

The Federal Reserve Board on Thursday unanimously approved the release of a set of proposals that would raise banks' minimum capital requirement to 7%.

If enacted by U.S. regulators as currently drafted, the Simple Supervisory Formula Approach (SSFA) would require banks to give capital risk weightings to securitizations that are sharply higher than those assessed under the longstanding ratings-based approach, according to a presentation by Brian P. Lancaster, co-head of structured transactions at RBS, and John Jordan, from the bank’s financial institutions division.