ABS
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Market details emerge on Spanish consumer loan SRT backed by public guarantee
SRT market update
SRT Market Update 9 July 2026
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International ABS supply starts second half of year sturdily as mezz demand holds
Record first-half issuance gives way to a healthy summer pip...
European and Australian ABS issuance has carried first-half momentum into July, with new supply continuing to clear despite senior softness and growing dispersion across different sectors.
Entering the quiet part of the year, international ABS primary market has opened the second half of this year at a healthy pace, with five European deals and three Australian transactions placed .......
News 9 July 2026
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Luxembourg securitisation reforms strengthen CLO and ABS appeal, says A&O Shearman
Draft legislation aims to remove structural constraints, mak...
Luxembourg is taking another step to strengthen its position as a leading European securitisation hub, with proposed legislative changes that will make the jurisdiction "more usable" for CLOs, ABS and increasingly complex structured finance transactions, according to Frank Mausen, partner at A&O Shearman.
A new bill (No. 8761) introduced last month builds on Luxembourg's 2022 .......
News 7 July 2026
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Job swaps weekly: Citi hires trading head, while Hogan Lovells Cadwalader adds global head of SRT
People moves and key promotions in structured credit
This week's roundup of structured credit job swaps is led by the newly combined Hogan Lovells Cadwalader naming New York-based partner Jed Miller as global head of SRT. Elsewhere, Lakemore and Aegon have expanded their strategic partnership to support the growth of their CLO platforms.
The newly combined Hogan Lovells Cadwalader has named New York-based partner Jed Miller global .......
Market Moves 3 July 2026
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Italian auto finance lender completes its public STS SRT auto ABS
SRT market update
SRT Market Update 3 July 2026
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European securitisation seniors tighten
SCIx benchmarks show narrowing at the top of the stack in most sectors
Today’s monthly figures from SCI’s family of indices covering the European ABS, CLO and RMBS markets – the SCI Composites Index (SCIx) – show an overall tightening trend from end-May to end-June. However, there are some exceptions.
For example, the SCIx AUTO EU AAA index level edged in 1.2bp month-on-month to 67.8bp, SCIx CLO EU AAA moved .......
News 1 July 2026
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Italian lender completes SRT deal after delaying mezz sale for calmer markets
SRT market update
SRT Market Update 29 June 2026
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Job swaps weekly: Aon and Carlyle make key hires
People moves and key promotions in structured credit
This week's roundup of structured credit job swaps is led by The Carlyle Group's appointment of James Dunn to head European liquid credit. Elsewhere, Aon, Standard Chartered and several firms across the ratings, legal and servicing sectors have announced senior hires and promotions.
The Carlyle Group has appointed James Dunn as partner and head of European liquid credit. .......
Market Moves 26 June 2026
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On the horizon: Does cash SRT's growth indicate next phase of risk transfer?
Cash SRT is evolving fast. We're exploring where it's headed – and we'd like your views
Synthetic structures still dominate the significant risk transfer market, but cash SRT is increasingly moving from the sidelines to the strategic agenda of European banks.
Recent transactions suggest the market is evolving beyond occasional balance sheet exercises. Italian consumer lender Compass recently completed its third cash SRT in as many years under the Quarzo programme, while News 22 June 2026
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Saudi Arabia proposes risk-retention rules in 'major' boost for securitisation market
Market participants welcome the move toward global best prac...
Saudi Arabia’s proposal to introduce mandatory risk-retention requirements for securitisation transactions could represent one of the most significant developments in the evolution of the Kingdom’s structured finance market, according to market participants.
As part of a public consultation to share feedback on the draft amendments to improve regulatory framework for securitisation, the Capital Market Authority (CMA) has proposed requiring originators .......
News Analysis 22 June 2026
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Issuer demand drives Reckoner Capital's push into risk retention financing
Asset manager launches dedicated platform as securitisation...
Reckoner Capital Management sees growing demand from securitisation issuers for financing partners that can offer both capital and broader investment relationships, following its launch of a dedicated risk retention financing business.
The new entity, Reckoner Capital Company (RCC), will provide financing against risk retention positions held by issuers across CLO, ABS, RMBS and CMBS transactions. The firm estimates .......
News 22 June 2026
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Tight spreads push ABS investors up the capital stack
European ABS markets remain well supported by investor deman...
European securitised credit markets last week remained broadly constructive, with stable primary market spreads and strong investor demand continuing to support the asset class, even as participants monitor a gradual weakening in credit fundamentals.
An investor tells SCI that the backdrop across ABS, RMBS, CMBS and CLOs remains “generally healthy”, with spreads continuing to “grind tighter” in an .......
News 22 June 2026
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US loan performance patchy
Various areas in distress, but none as yet to worry SRT
Federal Family Education Loan Program (FFELP) ABS defaults rose for the second straight quarter in Q1, Fitch reported today (June 16), amid generally worsening but unevenly spread loan performance across assets in the US.
The rating agency expects moderately elevated .......
News Analysis 16 June 2026
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British Business Bank backs Propel with £75m facility and first public ABS investment
New £75m facility and securitisation investment sup...
The British Business Bank has announced two new transactions with asset finance provider Propel Finance, including a £75m ENABLE Funding facility and an investment in Propel’s inaugural public asset-backed securitisation (ABS), Velocity 2026-1. The transactions mark the first time the BBB has invested in a public ABS issuance, having previously supported Propel’s first private securitisation transaction in 2022.
According .......
News 16 June 2026
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State Street and Janus Henderson highlight ABS ETF liquidity
State Street and Janus Henderson argue that liquidity in hig...
ABS ETFs are still a relatively new segment of the market, but two of the largest entrants are making the case that investor concerns about liquidity are misplaced.
Janus Henderson launched JABS in 2025, offering exposure to high-quality securitised credit, while State Street followed with PRAB, a strategy that combines public and private investment-grade asset-backed .......
News Analysis 16 June 2026
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Schroders expands SRT push with senior hire from CQS
The London-based investment firm has hired Bob Paterson from...
Schroders Capital has appointed Bob Paterson as head of European SRT and ABF investments, creating a new senior role as the asset manager seeks to expand its presence across structured credit, SCI has learned.
Paterson joins from Manulife CQS Investment Management, where he helped build the firm's ABF platform and support the growth of its SRT franchise. .......
News 15 June 2026
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Global ABS update: Structured finance at a turning point
Insights from Global ABS 2026 reveal growing convergence bet...
Last week's structured finance discussions at the annual Global ABS conference in Barcelona, attended by SCI, highlighted an industry in transition, with innovation, regulation and new sources of capital reshaping the market’s future.
Among the most prominent themes was the growing convergence of private credit and securitisation, as asset-backed finance structures, risk-transfer transactions and securitisation technology become increasingly .......
News 15 June 2026
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Job swaps weekly: Chorus appoints deputy cio, while Barings expands senior lineup
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Chorus Capital appoint Aidan McKeown as deputy cio, further strengthening its investment team as the specialist SRT manager. Meanwhile, Barings has expanded its senior lineup, while Golub has named a new co-president.
The Maples Group has launched a corporate trust offering from its London office, enhancing the company’s ability to .......
News 12 June 2026
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ABF Deal Digest: Datavault AI set to scale via asset-backed vehicle
A weekly roundup of private asset-backed financing activity
This week’s roundup of private ABF activity sees real-world asset (RWA) tokenisation technology provider Datavault AI execute a non-binding term sheet relating to a US$2bn structured financing transaction that would enable it to scale at speed. Meanwhile, Canyon Partners has formed an ABF joint venture with two Asia-Pacific anchor investors, which aims to be a ‘nimble’ capital partner for .......
News 11 June 2026
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Bulgarian bank seals second EIB-backed SRT
SRT market update
Allianz Bank Bulgaria has completed its second synthetic securitisation with EIB Group, freeing up capacity to support approximately €340m of new lending to Bulgarian SMEs and mid-caps over the next three years.
The transaction references a €252m portfolio of SME and consumer loans and is designed to optimise the bank’s capital position while expanding financing to the real .......
SRT Market Update 5 June 2026