Europe

BNY Mellon's corporate trust business has already participated in as many securitizations of marketplace loans in the first quarter of 2015 as it did for all of 2014.

Monroe Capital has priced its first securitization of broadly syndicated corporate loans.

The Federal Reserve clarifies that foreign banks can hold CLOs that don't comply with the Volcker Rule.

Paragon, a U.K. buy-to-let mortgage lender, plans to securitize a £154.5 million ($232 million) pool of mortgage loans, according to a Moody’s Investor Service presale report.

Many European CLO managers would love to do more multi-currency deals, if only they could find buyers for the sterling tranches.

The Blackstone Group and TPG Special Situations Partners-owned U.K. specialty lender Kensington Group is marketing a £360 million ($554 million) securitization of nonconforming U.K. mortgages.

Bank of America Merrill Lynch promoted two more executives from its collateralized loan obligation unit to top roles in global structured finance.

European CLO managers are edging closer to a type of deal not seen since the financial crisis – multi-currency tranches.

Moody's Investors Services top rankings of U.S. CLO managers still includes many familiar names, but the usual suspects lost market share in the fourth quarter of 2014 to some medium-sized managers.

Mitsubishi UFJ Securities Holdings Co., Ltd., (MUSHD) a member of global financial group MUFG, has tapped a UBS veteran to help expand its structured products business.

Gebäudeversicherung Bern has issued its first catastrophe bond, according to GC Securities, the sole placement agent.

European insurer and money manager AXA Group is in the market with its second U.S. collateralized loan obligation, according to rating agency reports.

Sankaty Advisors is prepping a €364.025 million ($447 million) European collateralized loan obligation, according to Moody’s Investors Service.

The Russian ruble is in freefall — it’s down more than 50% since January — and interest rates are climbing on the back of the Bank of Russia’s aggressive efforts to shore up the embattled currency.

NewDay, a newcomer to the U.K. securitization market, has priced £293 million of bonds backed by credit card receivables.

Standard & Poor's may downgrade its credit ratings of seven U.K. CMBS transactions with exposure to Tesco if the supermarket operator's long- and short-term corporate credit ratings fall below investment grade.

International bank regulators finalized changes Thursday that will greatly diminish the role of external ratings agencies in weighting the risk of securitized assets in capital requirements.

Wells Fargo expects Issuance of collateralized loan obligations is to moderate in 2015, to $90 billion.

While risk retention will hit smaller managers hard, Oliver Wriedt of CIFC Asset Management, one of the biggest, thinks the potential for consolidation may be overstate.

John Lapham, co-head of leveraged finance at PineBridge Investments, thinks that the ranks of CLO managers could start to thin well before risk retention rules take effect in 2016.