The market for CDOs of leveraged loans remains healthy and the next year should see further growth, according to a report by Standard & Poor’s. Mike Nicholson, credit analyst at Standard & Poor’s Structured Finance Ratings group in London, commented: ‘Standard & Poor’s rated 12 CLOs that closed in 2003, compared with seven in 2002 and six in 2001. Of the 12 transactions, six transactions were repeats, and three were first-time CLOs by managers with previous CDO experience.’ The report notes that LBO volume has increased for the fifth straight year. Leveraged loans are becoming riskier, with a greater proportion rated ‘B’. However, ratings and credit estimates on CDOs of leveraged loans have shown strong stability, being considerably less volatile than European corporates in general.
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