RMBS

  • Banks reshape the narrative in Q2 securitisation hires

    Latest SCI Analytics Quarterly Job Swaps Report shows ABF do...

    ABF continued its winning streak in 2Q2026, dominating 60% of all hires at mid-, senior- and C-suite-level, according to data captured in the latest SCI Analytics Quarterly Job Swaps Report.

    The broader structured finance market has similarly continued to thrive as we reached the midpoint of the year. SCI captured 105 moves during 2Q2026, an 18% increase on .......

    News Analysis 23 July 2026

  • EU index volatility greater in RMBS than CLO despite tighter spreads

    SCIx analysis highlights a more volatile RMBS market, with C...

    European RMBS spread index values recorded substantially greater month-to-month volatility than equivalent rating-band CLO levels between May 2024 and June 2026, according to SCIx.

    Across each rating band from triple-A to single-B, the standard deviation of monthly spread index percentage changes was higher for RMBS than for CLOs. Triple-A RMBS recorded a standard deviation of 23.3% in the index .......

    News Analysis 21 July 2026

  • Resi eyes regular RMBS issuance following debut $A500m transaction

    CEO Campbell Smyth says the lender expects to access the pub...

    Resi plans to become a regular issuer in the Australian RMBS market after completing its inaugural public transaction last Friday, with ceo Campbell Smyth telling SCI the lender expects to access the market at least twice a year as part of a long-term funding strategy.

    The lender's debut public RMBS, Solis 2026-1, raised A$500m from 11 institutional .......

    News 6 July 2026

  • 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

  • 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

  • Keystone says resilient investor demand bodes well for UK BTL RMBS

    Broad demand from banks and asset managers tightens pricing...

    Strong investor demand for Keystone Property Finance's latest buy-to-let RMBS demonstrates continued confidence in the UK specialist mortgage securitisation market, with banks and asset managers driving demand across the capital structure, according to the firm's md Elise Coole.

    The lender's completion of its sixth securitisation - Hops Hill No. 6 - totalling £400m of BTL mortgages .......

    News Analysis 1 July 2026

  • 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

  • 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

  • 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

  • Job swaps weekly: Former Blackstone exec sets up capital solutions firm, Schroders hires EU ABF and SRT investments head

    People moves and key promotions in structured credit

    This week’s roundup of structured credit job swaps sees former Blackstone executive setting up a new institutionally-backed alternative asset management firm, whilst Fasanara Capital appoints head of U.S. capital formation as it opens its first U.S. office. Meanwhile, Nippon Life Insurance Company and Blackstone partner to provide investment management services in the private credit and real estate sectors, Schroders Capital hires .......

    Market Moves 19 June 2026

  • 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

  • Non-bank lenders are reshaping European credit

    Tighter regulation and a retreat by traditional banks have p...

    A decade ago, non-bank lenders occupied a narrow strip of the European credit landscape. Today, they account for more than half of total financial assets in advanced economies: according to a new report by S&P Global Ratings, European RMBS and ABS issuance from non-bank lenders reached approximately €50.1bn in 2025, up from €30.4bn in 2015.

    Stephen Kemmy, .......

    News Analysis 10 June 2026

  • Job swaps weekly: Avellinia appoints chief credit officer, while Davidson Kempner launches European CLO arm

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Davidson Kempner become the latest firm to launch a European CLO arm. Meanwhile, Avellinia has appointed a chief credit officer, and Sidley has elected 52 lawyers to its partnership.

    Katten Muchin Rosenman UK has recruited two partners in London from Crowell & Moring to launch a structured products and derivatives .......

    Market Moves 5 June 2026

  • Securitised credit stays firm as issuance runs ahead of record pace

    ABS issuance hits 2026 high as strong technicals support spr...

    Securitised credit markets remain positive heading into June, with issuance running above last year’s record pace and spreads sitting at or close to the tight end of recent ranges, according to JPMorgan. 

    The strongest momentum is in ABS, where May supply reached $36.6bn, the highest monthly total of 2026 so far and ahead of the $32.4bn priced in May 2025. Year-to-date ABS .......

    News 5 June 2026

  • European securitisation benchmarks launched

    SCIx to provide sector and ratings reference points

    SCI has launched a family of indices covering the European ABS, CLO and RMBS markets – the SCI Composites Index (SCIx). Utilising SCI’s primary market database and the services of calculation agent MYcx, SCIx provides SCI subscribers with reference points across sectors and rating bands.

    The latest Index release – as at end-May 2026 – shows disparate levels .......

    News 2 June 2026

  • Job swaps weekly: Seward & Kissel names new head of structured credit

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Seward & Kissel appointing a New-York-based partner and head of structured credit. Elsewhere, a C-suite Arini executive has left the business after three years, while Hoplon Capital subsidiary Vistina has appointed a senior md and head of ratings advisory.

    Seward & Kissel has appointed Taha Khan as partner and head .......

    Market Moves 29 May 2026

  • IQ-EQ completes Zenith acquisition expanding Italian structured finance presence

    Acquisition gives IQ-EQ its first foothold in Italy as the f...

    IQ-EQ yesterday completed its acquisition of Italian securitisation and structured finance specialist Zenith Global, following regulatory approval from the Bank of Italy and the Italian government’s foreign direct investment review board. The transaction gives IQ-EQ its first operational presence in Italy and further expands the firm’s structured finance and capital markets capabilities across Europe.

    Zenith employs more .......

    News 28 May 2026

  • EU ABS market slows but pricing remains firm amid selective investor demand

    Santander and Beequip transactions attract strong orders des...

    Primary European ABS activity slowed this week following a busy prior pipeline, but the market still delivered strong pricing and signs of selective demand particularly where supply was limited. Santander Consumer Germany’s newest consumer ABS, SC Germany Consumer 2026-1, priced on Wednesday with the senior notes at 67bp and a covered of 2.2x after the deal was upsized to .......

    News 27 May 2026

  • EU structured credit remains firm despite geopolitical strain

    ABS and CLO markets remain supported by strong demand and resilient collateral performance

    European structured credit markets continue to show resilience despite geopolitical uncertainty, with investors remaining active in ABS and CLOs despite broader macro risks and higher energy costs feeding into credit markets.

    Speaking to SCI , a market source says structured credit is reacting more slowly than other asset classes to recent market developments. “Rates markets react quickly and .......

    News 12 May 2026

  • Job swaps weekly: Lazard to acquire Campbell Lutyens

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Lazard striking a deal to acquire private markets advisor Campbell Lutyens, with each entity contributing a co-ceo to the resulting and newly renamed subsidiary, Lazard CL. Elsewhere, Gemcorp Capital has hired an Oaktree exec with expertise in real estate, infrastructure and asset-backed finance to accelerate its expansion into private credit, while .......

    Market Moves 8 May 2026

  • British Business Bank eyes broader role in UK SME ABS after Propel debut

    Government-backed economic development bank aims to familiar...

    The British Business Bank’s first investment in a public cash ABS transaction is part of a deliberate strategy to deepen the UK SME securitisation market, encourage new issuers and broaden investor participation.

    The bank participated in Propel Finance’s debut public ABS earlier this year, marking its first investment in a public cash securitisation after years of involvement in synthetic structures.

    Michael Strevens, .......

    News Analysis 6 May 2026
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