Europe

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.

Moody’s Corp. has acquired Lewtan Technologies, a leading provider of analytical tools and data for the global structured finance market.

Navient Corp. is marketing $664 million of securities backed by private student loans.

The Volcker Rule doesn’t apply on their turf, but European CLO managers are nearly as eager to come in line with the regulation as their U.S. counterparts.

Even at the single-A level, bond insurance can have significant value, according to Fitch Ratings.

The CLO new issue pipeline is finally slowing down from its breakneck pace of recent months.

UK interest only mortgages are repaying at a similar rate to amortizing loans, according to Moody's Investor Service.

AXA Investment Managers has appointed Deborah Shire as head of structured finance.

Pramerica Investment Management is preparing a €416.7 million European collateralized loan obligation, according to a presale report published by Standard & Poor’s.

He replaces Jim Ahern who is moving to Moody’s Investors Service as head of structured finance in the Americas.

Assured Guaranty is wrapping a just-priced deal from Turkey’s Garanti Bank, according to a release from the insurer.

French retailer Vivarte is one of most widely held credits among European collateralized loan obligations, but its debt restructuring will hit older deals harder than newer one.

More diversity may be on the way for Russia’s traditionally mortgage-bond monopolized securitization market, according to a report by Standard & Poor’s.

Despite being rated 'Caa1' by Moody's, the deal from Privatbank has exhibited low delinquencies and a enormous credit enhancement for the outstanding tranches.

Issuance of residential mortgage-backed securities (RMBS) in Russia should keep rising into 2014, according a report from Moody’s Investors Service, which is active in the sector.

Stefan Ingves, chairman of the Basel Committee on Banking Supervision, called Friday for global regulators to complete their work on already agreed upon international banking reforms.

The rising costs for banks to hold even low-risk, short-term loans — courtesy of Basel III — is a powerful incentive for them to offload their trade finance receivables into securitizations.

The Dutch State Treasury, on Wednesday, sold $5.1 billion of non-agency RMBS held in the ING illiquid assets back-up facility to 5 dealers.

Data provider Lewtan has launched a service that provides information about loans used as collateral for European residential mortgage-backed securities and securitizations of loans to small and medium-sized enterprises.

The U.S. ABCP market remains on its path of decline, with total outstandings falling 18% so far this year, according to Fitch Ratings.