ABS

  • Nordic SRT growth capped by structural constraints

    SCI's European SRT Roadshow in Oslo made clear the Nordic SRT market is maturing, but contained

    At SCI’s inaugural European SRT Roadshow event in Oslo last week, the message was consistent across panels: the Nordic SRT market is no longer nascent, but remains structurally constrained. Growth is happening quietly but decisively, yet scaling will depend less on investor demand and more on regulatory clarity, portfolio construction and issuer readiness.

    Investor appetite is strong, capital .......

    News Analysis 6 May 2026

  • Navigating MFS's downfall: a resiliency test for ABF

    Gabriel Yomi Dabiri, global head of private credit at Squire...

    Private credit has seen incredible growth since the GFC, but now faces a new challenge: navigating increasing regulatory pressure and questions about its resilience to stress. Squire Patton Boggs recently published an outlook on the private credit market, analysing the collapse of major players in the asset-backed finance market, such as MFS, and the scrutiny the industry has faced .......

    News Analysis 5 May 2026

  • Job swaps weekly: GB Bank ceo steps down, while Reckoner launches superyacht construction strategy

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees GB Bank ceo Mike Says step down after five years, Citi hire a new chief operating officer, and Reckoner Capital Management hire a five-person London-based team to lead a new superyacht construction finance strategy.

    BlackRock has appointed Britni Ihle as an md, following four years at Citi in various trading .......

    News Analysis 1 May 2026

  • Santander retains Pillar 3 pole position

    Survey of securitisation disclosures shows BNP Paribas closing in

    Santander retains its dominance as a leading synthetic securitisation issuer, according to an SCI Analytics survey of European bank Pillar 3 Disclosure Reports for 2025 – although BNP Paribas is now close behind, having increased its SRT exposures by almost a third year-on-year, while retaining its role as the leading securitisation issuer across cash and synthetic formats combined. The .......

    News Analysis 27 April 2026

  • Job swaps weekly: SMBC and Mount Street hires, while departures hit UBS and CQS

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees SMBC hire a new head of lender finance in EMEA, while Mount Street Group and Benefit Street Partners make senior appointments amid a wave of promotions and notable departures across the market.

    SMBC has hired Adrian Luput as its new head of lender finance in EMEA, based in London. Luput brings more than 20 .......

    Market Moves 24 April 2026

  • European ABS holds firm in March as demand offsets macro volatility

    Robust technicals keep ABS stable despite shifting rate expectations

    European ABS markets saw a volatile March backdrop with asset managers pointing to remaining strong demand and resilient technicals even as geopolitical tensions and shifting rate expectations unsettle broader risk markets.

    TwentyFour Asset Management notes that “ABS markets saw a healthy level of issuance” with €16bn of issuance across a diverse set of asset classes and geographies .......

    News 24 April 2026

  • ABF leads the way in Q1 securitisation hires

    Inaugural SCI Analytics Quarterly Job Swaps Report reveals a...

    Asset-backed finance roles accounted for almost half of Q1's securitisation hires at mid-, senior- and C-suite-level, according to data captured in the inaugural SCI Analytics Quarterly Job Swaps Report.

    Recruitment in the structured credit market as a whole has started the year at a striking pace, with January and February hitting sharp figures, the busiest months in two .......

    News Analysis 24 April 2026

  • European auto ABS shows resilience in March despite losses and delinquencies

    Gradual credit softening meets leasing stability amid diverging national trends

    European auto ABS performance showed a mixed but still resilient profile over the 12 months to March 2026, with loan collateral softening while lease pools remained comparatively stable, KBRA reports.

    According to the rating agencies’ latest European Auto ABS Indices report, annualised losses on auto loans rose to 0.77%, up 9bps month on month and 21bps year on .......

    News 22 April 2026

  • SCI In Focus: Cash SRTs move further into the mainstream

    European auto lenders are increasingly using cash SRTs to combine funding and capital relief

    Cash SRT deals are becoming an increasingly mainstream funding and capital tool for European banks, as regulators, investors and issuers grow more comfortable with the structure.

    According to Martin Kaiser, partner and head of European securitisation at Ashurst, recent auto ABS transactions show how issuers are increasingly layering SRT features onto established true sale platforms .......

    News Analysis 20 April 2026

  • Asian structured credit demand grows, but fragmentation caps market depth

    Investors highlight spread pick-up and rising allocations, b...

    Buy-side participants at the FT Live ABS Asia conference last month in Hong Kong highlighted strong investor demand for structured credit across the region, alongside evolving asset preferences and persistent structural constraints limiting market development.

    Speaking to SCI, Jennifer Siu, fund manager – structured and speciality finance from First Plus Asset Management, highlights that the .......

    News Analysis 20 April 2026

  • ECB residual value rule changes show limited impact on Auto ABS

    Limited repo eligibility impact suggests residual value crac...

    European auto ABS markets have remained resilient following the European Central Bank’s latest changes to its collateral framework, with early evidence pointing to only limited disruption to repo eligibility, according to Rabobank research. 

    Since 30 March 2026, the changes introduce a stricter and more explicit prohibition on issuer exposure to residual value risk with a broader definition capturing .......

    News Analysis 15 April 2026

  • Orrick continues Cadwalader hiring spree with two ABS partners

    Latest hires deepen Orrick's transatlantic debt finance and ABS capabilities

    Orrick continues to build out its structured finance team in London with the addition of two more partners from Cadwalader, Wickersham & Taft.

    Suzanne Bell and William Bibby will add to the firms US ABS and esoterics offering, as it seeks to deepen its debt finance capabilities, the law firm says.

    These hires follow the addition of .......

    Market Moves 13 April 2026

  • SCI webinar: Data centre issuance accelerates, but concerns about power remain

    Deal sizes grow larger, with US$8bn in public data centre ABS during Q1

    Public data centre ABS issuance is already heading to record-breaking levels this year, with Q1 figures alone hitting around US$8bn. Full-year projections are set to reach US$37bn, which would be over double 2025's US$18bn. This growth was a key theme of last week’s SCI webinar, 'Financing options, growth prospects and pitfalls of the US data centre market'.

    While deal .......

    News Analysis 9 April 2026

  • EU securitisation reform hinges on calibration

    Calibration choices in EU securitisation increasingly seen a...

    Securitisation reform is increasingly being framed as a strategic tool for supporting the financing of the EU economy, with questions around calibration and risk transfer capacity coming into sharper focus.

    Speaking at the Belgian Financial Forum last week, Georges Duponcheele, senior credit portfolio manager at Great Lakes Insurance SE, outlined how current policy choices may influence .......

    News 9 April 2026

  • Balancing SRT regulatory safeguards and market innovation - part two

    In the second instalment of a two-part primer on the SRT mar...

    SRT transactions are a key capital management tool for financial institutions worldwide and their utilisation is set to grow as banks seek to optimise their balance sheets further and mitigate risk. However, the regulatory environment continues to evolve, with the next 12 months likely to play an important role in the interplay between regulatory safeguards and market innovation. In .......

    Talking Point 7 April 2026

  • Job swaps weekly: USS and Venn ink strategic private credit partnership

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees USS acquire a majority interest in Venn Partners, strengthening its position as a private credit provider to the residential housing sector. Elsewhere, KPMG Law has bolstered its services in the real estate sector with a raft of key hires, while i80 Group has beefed up its analytics capabilities.

    Universities Superannuation .......

    Market Moves 2 April 2026

  • No SRT? Australian bank deal shows the workaround

    Australian bank explores capital-light deal, highlighting ho...

    Australia’s risk transfer market may not be growing in the way global investors expect, but it is evolving, and Bank of Queensland (BOQ) is offering one of the clearest signals of where it is heading.

    At a time when international investor interest in Australian risk transfer is rising, BOQ is exploring a forward flow-style “capital partnership” involving the .......

    News Analysis 31 March 2026

  • Pockets of US CMBS repay attention

    Aperture Investors structured credit head talks risk and return

    Vladimir Lemin heads up structured credit for Aperture Investors, an alternative investment manager based in New York with offices in London and Paris.  

    He recently sat down with US editor Simon Boughey to talk about the direction of travel in .......

    The Structured Credit Interview 30 March 2026

  • Job swaps weekly: Vantage, Schonfeld and S2G lead hires

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Vantage Data Centers appointing a new global CFO. Elsewhere, Schonfeld has hired a head of structured credit and S2G has named a co-head for its special opportunities investment team.

    Vantage Data Centers appoints Scott Beasley as global CFO, based in Denver. He will oversee the firm’s global finance, accounting, capital markets, .......

    Market Moves 27 March 2026

  • M&G cuts US$267m music royalties deal with Seeker

    Finances existing portfolio with additional capital for delayed draw capacity

    M&G Investments has cut a US$267m asset-backed securitisation deal for Los Angeles-based Seeker Music.

    The deal, backed by M&G’s Life Business, provides the music and record business with the ability to accelerate its growth and fund recent acquisitions.

    Structured as a music ABS, rated by Kroll, Fitch and S&P, the transaction finances Seeker’s existing portfolio while also providing .......

    News 25 March 2026

  • SRTs still offer a spread premium over ABS despite tightening

    Tristan Teoh, head of European secured finance at Insight Investment, answers SCI's questions

    As SRT transactions continue to gain traction among institutional investors, asset managers are increasingly positioning the asset class as a core component of structured credit allocations. Against a backdrop of tight spreads in public markets and growing bank issuance, Insight Investment is using SRTs to access diversified credit exposure while targeting incremental yield.

    Q: How is Insight positioning .......

    News 25 March 2026
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