ABS Conference 2019 – thanks from our team
“We have been attending the ABS conference for many years and thanks to everyone that visited our stand in Barcelona last week. Our senior team was present to meet many of our existing clients and explain to potential clients how we can add value and expertise to the process of trading asset backed portfolios.” Richard […]
Meet the team at the 23rd Annual Global ABS in Barcelona
We are pleased to announce that once again we will be exhibiting at the 23rd Annual Global ABS conference, taking place 11-13 June 2019, in Barcelona, Spain. Over 3,500 leaders in the global ABS market will attend this event, which is recognised as the largest annual European structured finance gathering. We have built a reputation […]
Tackling Europe’s non-performing loans (NPLs)
Even though more than a decade has passed since the global financial crisis, many banks, particularly in the EU, have struggled with high levels of NPLs. These loans have a negative effect on bank profitability and large numbers of bad loans reduce bank equity, with the result that it becomes more difficult to originate new […]
Equity Release portfolios – long term risks
The recent PRA consultation paper as part of Solvency II throws the spotlight on how holders of mortgage assets monitor and value long term risk in equity release mortgages [‘ERM’]. The previous consultation set out a test for firms to measure the risks in the form of an Effective Value Test [‘EVT’] and this reflects […]
Credit Creep
As financial markets move through economic cycles the focus of regulators often shifts to ensure current and potential risks are adequately assessed and mitigated against. In the current climate economic cycles are shortening and risks are becoming ‘game changers’ quicker. Anyone close to the PRA will be aware that it has identified three key risks […]
Royal Commission and Risk Reviews
There has been historic misconduct within the Australian banking, mortgage and financial service industries – hence a Royal Commission was formed to consider the issues, causes and make recommendations for regulatory change. The final report has now been issued and the recommendations are potentially far-reaching, especially if regulators around the world consider some of the […]
Loan portfolio trades; the importance of Due Diligence
There has been some recovery in the trading of mortgage assets over the past five years, particularly in the non-performing sector. The improving trend has continued, and we have seen numerous loan book trades in the UK and Europe and many commentators report that they expect even more activity in the next 12 months. Clearly […]
Have regulators started to tear down barriers?
It’s nearly 6 months since the Chancellor challenged key regulators to ‘tear down the regulatory barriers’ that hold back economic growth. This week however, both the PRA and FCA used the recent BSA conference to announce major reforms. It is becoming clear there is a regulatory will to satisfy Government demands, but will the loosening of controls see a return to the slack standards seen before the global financial crisis?
UK RMBS is alive and well
We have noticed recent trade press commentary stating “UK RMBS is back”. Clearly positive news, but in our view, it has never been ‘away’. To be clear, when commenting on UK RMBS we need to distinguish between, and consider the position of, ‘non-bank’ and ‘bank’ providers. Certainly, the involvement of non-bank lenders has been consistent […]
GAP insurers now under the spotlight
The motor finance world is feeling the regulatory heat right now. As previously reported and commented on, PCP plans have been heavily scrutinised, with hidden commissions being at the top of the ‘must do better’ list. While the FCA review remains in progress, we now see that 80% of Guaranteed Asset Protection firms have agreed […]
