European securitisation issuance reached another record in 2002, growing to EUR157.7 billion, up 2.7 per cent from 2001’s EUR153.6 billion, according to research by the European Securitisation Forum (ESF). The report found that growth was helped by European asset-backed securities (ABS) issuers taking advantage of attractive funding rates brought about by the market’s growing size and efficiency. In addition, investors have sought the relative safety of securitised debt in response to the uncertainty and instability in the global equity markets. High liquidity, low interest rates and increased geographical diversification contributed to strong underlying collateral performance in the MBS market, which in turn spurred greater investor demand and an increased supply of new issues. While still expanding, the rate of growth of securitisation volume eased in 2002. New issue activity in the fourth quarter of 2002 totalled EUR55.1 billion, up 54.3 per cent from the third quarter of 2002 but down 16.8 per cent from the EUR66.2 billion issued in the fourth quarter of 2001.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more