RMBS

  • 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

  • KBRA rates Harvest Funding RMBS as falling LTVs offset rising arrears pressures

    Strong house price growth and borrower overpayments bolster...

    Last week KBRA announced the ratings for Harvest Funding, a static RMBS, where the firm assigned ratings to seven classes of notes.

    Harvest Funding brings to market a sizeable £2bn seasoned UK non-conforming RMBS backed by 43,144 first-lien residential mortgages with collateral mostly consisting of owner-occupied loans (85.8%), with 14.1% buy-to-let exposure, KBRA says.

    According to KBRA’s new .......

    News 29 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

  • 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

  • Alternative capital driving MA-eligible asset innovation

    Ashley Thomas, head of structured finance (UK) at ARC Rating...

    Legal & General securitised a portfolio of UK equity release mortgages in December, with Stonehill Credit acting as sponsor and risk retainer on the transaction. Called EQR 1, the deal highlights the role of investment managers as long-term, flexible counterparties to the UK insurance market, providing solutions to support capital optimisation while maintaining strong alignment.

    Q: EQR .......

    The Structured Credit Interview 30 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

  • Australia's regulator liquidity review could support RMBS demand

    APRA's review of HQLA rules may open the door for RMBS inclusion shifting bank investment demand.

    Proposed reforms to Australia’s bank liquidity framework could reshape demand for structured finance products with RMBS potentially benefiting if regulators broaden the range of assets eligible for bank liquidity buffers.

    The Australian Prudential Regulation Authority (APRA) earlier this week signalled it will consult on changes to its liquidity regime, including the possible inclusion of covered bonds as high-quality .......

    News 19 March 2026

  • Latest SEC CLO clarification is another green light for the market

    CLO-focused mutual funds and ETFs are in the clear amid conc...

    The SEC has cleared up potential confusion concerning its ‘fund-of-funds’ rule that should pave the way for easier access for funds investing in CLO debt.

    On 6 March the SEC clarified via an FAQ regarding its funds of funds arrangements that CLO debt will not count towards a 10% limit on how much funds can invest in the .......

    News Analysis 16 March 2026

  • Job swaps weekly: Deutsche Pfandbriefbank targets SRT, Macquarie hires

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Deutsche Pfandbriefbank target SRT, while Australian bank Macquarie has hired a new asset finance and lending head from private credit. 

    Deutsche Pfandbriefbank has appointed Tanja Baran as a senior portfolio transactions manager within its capital .......

    Market Moves 13 March 2026

  • Resilient borrowers and housing shortages shape EU mortgage market

    AFME seminar in London points to strong UK RMBS performance,...

    Speakers at the Association for Financial Markets (AFME) in Europe’s UK and Dutch residential mortgage finance seminar in London last week hosted by Simmons & Simmons highlighted the resilience of European mortgage markets despite macroeconomic uncertainty, regulatory changes and structural housing shortages.

    Opening remarks pointed to the scale and stability of the UK mortgage market. Outstanding mortgage .......

    News Analysis 11 March 2026

  • Increased CAS and STACR issuance mooted

    US mortgage business hits highs in Q4

    News Analysis 10 March 2026

  • Job swaps weekly: CIFC names CLO heads and ABF run persists

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees CIFC Asset Management name its new global co-heads of CLO portfolio management. Meanwhile, DWS has hired Barbara Richter to lead its ABF business, and New York Life Investment Management and its European affiliate, Candriam, have increased their ownership stake in Kartesia to around 80%.

    CIFC Asset Management has named Ira .......

    Market Moves 6 March 2026

  • Structural protections, prime mortgages and residential ABS

    Adam Rizkalla, managing director at Canyon Partners answers SCI's questions

    Q: Within residential mortgages today, where does Canyon see the highest risk-adjusted return, and how are factors like conservative underwriting and housing undersupply shaping your expectations for credit performance and prepayment risk?

    A: I would say where we see the best opportunity today is in non-agency sectors such as non-qualified mortgages or non-QM, or home equity sectors such .......

    The Structured Credit Interview 4 March 2026

  • Job swaps weekly: Fitch promotions and ABF moves lead busy week for securitisation

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Fitch launching a new division in response to the evolving demands of institutional investors in private credit, which has acted as a catalyst for a number of senior promotions within the agency. Meanwhile, Scope Ratings has appointed a London-based senior director for structured finance ratings, and AB CarVal has hired an ABF-focused director from .......

    Market Moves 27 February 2026

  • Job swaps weekly: Saluda Grade appoints industry veteran to expand ABF

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees an ABF veteran joining Saluda Grade and a senior departure at UBS. Elsewhere, First Abu Dhabi Bank makes a head of structured finance and risk distribution appointment, while a partner at Prytania Asset Management prepares to leave the firm.

    Patrick Lo has joined Saluda Grade, an alternative investment firm specialising .......

    Market Moves 20 February 2026

  • Orderbook elasticity reveals changing ABS pricing conditions in 2025

    Investor demand drives pricing power across European ABS last year

    The European ABS market experienced fluctuations in tone and momentum over the course of 2025, largely driven by shifts in demand levels, according to SCI’s International ABS/MBS primary issuance data.

    By modelling spread compression and elasticity across each quarter, investor behaviour can be mapped to gain a clearer view of how sentiment evolved as market .......

    News Analysis 18 February 2026

  • UK consultations call for streamlined securitisation rules

    FCA and PRA focus on proportionality and flexibility

    The UK FCA and PRA have published parallel consultation papers (CPs) on reforming the securitisation rules, building on earlier consultations and subsequent policy statements. The proposals aim to make the existing requirements more proportionate and less prescriptive, while maintaining appropriate prudential and general safeguards.

    The PRA considers that the proposals would facilitate lower compliance costs and align .......

    News 17 February 2026

  • Job swaps weekly: Nuveen acquires Schroders

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Nuveen acquiring Schroders, which will initially operate as a standalone business led by its existing senior management team. Elsewhere, Gallatin Point Capital has partnered with former Redding Ridge Asset Management executives to launch CLO-focused firm DS2 Capital, while Achmea Mortgages has recruited an industry veteran as an Amsterdam-based capital markets manager.

    Market Moves 13 February 2026

  • EIB opens a new valve in Europe's mortgage capital engine

    EIB-backed LIDO deal demonstrates how mortgage portfolios ca...

    The European Investment Banking Group (EIBG), formed by the European Investment Fund (EIF) and European Investment Bank (EIB), has closed a fully STS-compliant synthetic mortgage securitisation that sheds light on how residential loan portfolios can be engineered to deliver meaningful capital relief despite structurally low risk weights.

    The LIDO transaction, executed with Italian lender BNL, part of .......

    News Analysis 13 February 2026

  • Job swaps weekly: Barclays snaps up new global head of securitised products

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Barclays appointing a New York-based global head of securitised products. Elsewhere, KBRA has named a global head for its newly formed corporate portfolio finance and direct lending business, while K2 Insurance Services has hired a former senior AIG executive to lead its new collateral protection insurance division.

    Barclays has appointed Chetan .......

    Market Moves 6 February 2026
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