Standard & Poor’s has outlined how the conditions for originating and rating corporate securitizations in Europe are affected by a jurisdiction’s treatment of insolvency. ‘The secured debt structure of most corporate securitizations requires Standard & Poor’s to rate the transaction through insolvency,’ said Dominic Crawley, vice president at Standard & Poor’s Credit Market Services group in London. ‘As a result, the effect of insolvency legislation on the transaction structure and the structure’s ability to withstand challenges from the courts before and during any insolvency proceedings are key rating considerations.’ Crawley explained that the relative rights of secured and unsecured creditors are greatly influenced by the insolvency regimes of individual European countries, together with their respective security and contract law structures.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.