In the first half of 2003, a maturing European Commercial Mortgage Backed Securities (CMBS) market has shown increased signs of diversity, in terms of both rating activity and also the nature of transactions rated, according to a new report by Standard & Poor’s. Stuart Nelson, a credit analyst in Standard & Poor’s Structured Finance Ratings group, said rating activity driven by collateral performance continues to be dominated by upgrades, and the extent of loan prepayments is likely to remain a key factor in this trend. ‘Any future downgrades, on the other hand, are likely to be significantly determined by supporting party ratings, with rating changes of lessees in sale and leaseback transactions and supporting bank party ratings potentially leading to similar rating changes in certain transactions,’ Nelson said. In terms of issuance trends, the market continues to develop as volumes are rising, the breadth of issuers and investors is continually growing, and the market is developing in terms both of property types being securitized and structural innovations, according to credit analyst David Beale.
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