“Bringing DealVector’s information and connectivity to our LoanConnector and LPC Collateral users is an important step forward to deliver greater transparency and communication to the loan and CLO markets,” said Mike Lavin, Global Head, Capital Markets Insight, Thomson Reuters.
The European Covered Bond Council (ECBC) is pleased to announce that DealVector, based in California, USA, has become the latest market stakeholder to join the Council as a member. Accordingly, the ECBC now represents 117 members across more than 30 active covered bond jurisdictions around the world.
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Mike Manning, CEO of DealVector commented: “The ECBC and its members have a wealth of knowledge as to how improved transparency can improve outcomes in European markets. We’ve already learned about hard bullet conversions, and potential challenges due to LIBOR phase out. We’ve had an enthusiastic response to our platform throughout Europe, and eagerly anticipate working with our European partners to further tune it to local market needs.”
A push for transparency is a common thread among European initiatives to reinvigorate the securitisation markets. Communication and standardisation are expected to play significant roles in facilitating this effort.
“To facilitate confidence in the European securitisation market, issuers and investors need a level playing field. But how can it be level when one party does not have access to full transparency?” asks Michele Kelsey of International Solutions Network.
Today the website coinmarketcap pegs the value of all Bitcoins in circulation at about $190 billion. While many compare this figure to the amount of gold outstanding, or currencies, or GDP, perhaps the better analogy is to the original tradable virtual currency: frequent flyer miles.
Private-label RMBS is to heating up in 2017. Redwood has called for the creation of a bond registry for holder communications, and we second that motion.
Synthetic CDO volumes are on the rise – should we be worried? Investors must address three issues to balance asset-liability risk, or history could repeat.
Now that synthetic CDOs are back in vogue (SCI 15 August), will history repeat itself, or only rhyme? Over the last two years, volumes have grown from US$10bn to US$30bn for the instrument widely blamed for causing the 2008 global financial crisis. What gives, and should we be worried?