Estimated reading time: 5 minutes
If the latest forecasts are true, then we will imminently be subjected to a long and deep recession and therefore now is the opportune time to draw comparisons against previous downturns and lessons learned. Indeed,
Latest from Structured Finance In Brief
India’s ECB market: long term downturn or short term blip?
Read time: 4 minutes
External Commercial Borrowings (ECBs) are commercial loans advanced to Indian borrowers in a foreign currency by non-India resident Lenders. Following the gradual relaxation of India’s tight external debt controls in the mid-1990s and early 2000s, ECBs
CRE hedging – friend and foe
Read time: 5 minutes
For better or for worse, interest rate hedging instruments have an important role to play when it comes to financing commercial real estate (CRE). For the past decade or so, these products have enjoyed a relatively
Russian Sanctions: Provision of corporate services and ‘indirect’ assistance
Read time: 2 minutes 30 seconds
On 8 May 2022, OFAC issued a determination (Determination) pursuant to Executive Order (E.O.) 14071 (issued on 8 April 2022), “Prohibitions Related to Certain Accounting, Trust and Corporate Formation, and Management Consulting Services,” prohibiting:
“The
CRE CLO versus the old and outdated brush
When speaking to market participants and commentators about Europe’s first ever CRE CLO, more frequently than not there is an inference that the Starz Real Estate CRE CLO is the first since the global financial crises (GFC). This is certainly
India’s bad debt – an international perspective
In January 2022, Dinesh Khara, the Chairman of the State Bank of India announced that the National Asset Reconstruction Company (“NARCL”) has received all approvals to commence its operations. NARCL is what is colloquially known as a bad bank, formed
European CRE CLO – dynamism during a storm of escalating interest rates
Read time: 3 minutes
It is fair to say that there is not only a lot excitement about the arrival of CRE CLO technology in Europe, but also a heightened level of interest when it comes to some of the
European CRE CLO – a catalyst for multi-loan CMBS
Read time: 4 minutes
For the erstwhile market observer, when you compare CMBS 2.0 against the backdrop of the pre Global Financial Crisis (GFC) crop of deals, one resounding observation is that the latter had a significant number of so
NPL Securitisation – time for NPL Investors to pick up the mantle from GACs and HAPs
Read time: 4 minutes
Nearly eight years ago I penned a piece about the hugely important role that securitisation can play in alleviating the pain suffered by banks on account of the large volumes of non-core assets and non-performing loans
CRE CLO versus CMBS – two peas in a pod?
Read time: 2 minutes
When speaking to market participants about the intricacies and benefits of CRE CLO technology, more frequently than not the first point that I have found myself explaining is the difference between a CRE CLO and CMBS.