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The withdrawal of European investors from the market for paper backed by the Federal Family Education Loan Program following the credit crisis has significantly altered the structure of new asset-backed securitizations coming to market, market sources said.
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Volkswagen, the German-based auto maker, plans to revive its failed bid to issue a Spanish auto asset-backed deal.
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Deutsche Bank Securities has snapped up Noel Doromal, former v.p. and structured finance chief at Citigroup Global Markets.
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Shad Quraishi, vice chairman, risk syndication, distribution and capital raising at New York-based broker dealer NewOak Capital Markets, has moved to Broadsmoore Group, a financial advisory firm
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The American Securitization Forum is calling for tailor-made loan-level disclosure requirements for each type of auto asset-backed securitization in its supplemental Reg AB II comment letter that it filed Tuesday with U.S. Securities and Exchange Commission.
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CFA Institute is worried that reforms of the asset-backed securities market will swamp investors with information.
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Markit is rolling out a new MBX agency mortgage bond index that caters to investors looking for exposure to both interest-only swaps and principle-only cash flows.
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Volkswagen, the German-based auto maker, always intended its latest asset-backed deal to be sold via the public markets.
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Credit Agricole Consumer Finance Nederland, the Dutch consumer bank of French firm Credit Agricole, has structured a €1.46 billion ($1.86 billion) asset-backed deal, Chagoi 2010.