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.
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