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
Latest from Structured Finance In Brief - Page 3
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.
European CRE CLO technology cannot be ignored
Read time: 2 minutes
The European commercial real estate (CRE) lending market is currently awash with an oasis of interest when it comes to the deployment of CRE CLO’s as a means of financing loans secured by CRE. To date,
Time for European CMBS and CRE CLOs to rocket!
Read time: 1 minute 20 seconds
There’s no doubt that 2021 was an outstanding year for European structured CRE credit activity. And as attention turns to 2022, the scene is clearly set for it to be the most exciting, innovative
India – Modi-fied for green energy? Some reflections following COP26
During this year’s COP26 summit in Glasgow, the Indian prime minister, Narendra Modi, pledged that India would cut its emissions to net zero by 2070, and that by 2030 it would: increase non-fossil fuel energy capacity to 500 GW; meet
An Indian summer for LIBOR transition
Read time: 2 minutes 50 seconds
Over the summer, the Reserve Bank of India (RBI) issued a notice to banks and other RBI-regulated entities, emphasising the need to speed up the transition away from LIBOR. The RBI notice states that
There’s a buzz in the air and it’s CMBS!
Read time: 3 minutes
2021 is so far proving to be a stellar year for European CMBS, and if the current momentum continues 2021 will go down as a truly bumper year for the product. Like many other financial transactions,