Standard Chartered Bank has completed its sixth collateralised loan obligation (CLO), START VI CLO. With this latest US$1.25bn synthetic CLO, the bank has sold the credit risk of a diversified pool of loans extended to more than 400 borrowers with about 90% of the borrowers domiciled in Asia and Middle East. The average credit quality of the initial pool is BB equivalent.
Sean Wallace, group head, origination and client coverage, wholesale banking, Standard Chartered, said: “This is the first issuance off our START securitisation programme since the deepening of the financial crisis in 2008, so it is particularly pleasing to see such a strong market reception. This is testament to the confidence investors have in our deep client relationships and expertise across our core footprint of Asia, Africa and the Middle East.”
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.