The first half of 2024 has been a bumper year for European Collateralized Loan Obligations and a mix of market and legislative catalysts could push the second half into record-breaking territory
The European Collateralized...more
8/5/2024
/ Collateralized Loan Obligations ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Institutions ,
Investment Management ,
Investors ,
Loans ,
New Legislation ,
New Regulations ,
Secondary Credit Markets ,
SFDR
The European Green Deal1 is a suite of new EU laws designed to support a just transition, first to reduce CO2 emissions by 55% by 2030 and with the ultimate aim of achieving climate neutrality by 2050 whilst at the same time...more
Contemplating sovereign entities and their relation to the Corporate Sustainability Reporting Directive ("CSRD") can seem like gazing at Escher’s labyrinth of staircases, crisscrossing endlessly without a final destination....more
The European Green Bonds Regulation (the "EuGB Regulation") was published yesterday in the European Union's Official Journal.
The EuGB Regulation introduces the “European Green Bond Standard” or ("EuGBS"), as a...more
UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Banks -
Top 3 drivers of UK and European bank M&A in the past 12 months:
- Regional & domestic consolidation across Europe: >50 domestic bank...more
9/20/2023
/ Acquisitions ,
Banking Sector ,
Buyers ,
Economic Sanctions ,
EU ,
Global Market ,
Investment ,
Loans ,
Mergers ,
Popular ,
Russia ,
Sellers ,
UK ,
Ukraine
Collateralized loan obligations (CLOs)—investment structures that buy up leveraged loans and debt securities, package them into tranches with varying levels of risk and return, and sell them to investors—had minimal direct...more
The Corporate Sustainability Reporting Directive ("CSRD") was published in the Official Journal of the European Union on 16 December 2022, having been formally adopted by the European Parliament and Council of the European...more
A look at three key regulatory developments in the EU and US - proposed EU Corporate Sustainability Due Diligence and Reporting Directives and US SEC Climate Change Disclosure Rules...more
7/15/2022
/ Climate Change ,
Corporate Counsel ,
CSDR ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Regulatory Agenda ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Sustainability
On 23 February 2022, the European Commission ("Commission") issued its long-awaited Proposal for a Directive on Corporate Sustainability Due Diligence to tackle human rights and environmental impacts across global value...more
Europe's CLO market and environmental, social and corporate governance (ESG) objectives are converging at pace, providing unique opportunities for CLOs to access the vast and rapidly expanding pools of capital earmarked for...more
Debt issuance linked to environmental, social and governance (ESG) metrics has accelerated at an unprecedented pace in 2021, as issuers move to position their credits to meet swelling investor demand for green and...more
Collateralised Loan Obligations (CLOs) may soon be structured as Article 8 funds under the EU Sustainable Finance Disclosure Regulation (SFDR) as part of the historic rotation of global capital towards assets which promote...more
HEADLINES:
- European collateralised loan obligation (CLO) new-issue volume reached €30.1 billion in 2019
- This was 11 per cent above the €27.2 billion netted over the previous year
- The fourth quarter of 2019 saw...more
Post-crisis commercial mortgage-backed securities ("CMBS") issuance in Europe has been on the slow-burner with only a handful of transactions each year. The year 2018 saw European "CMBS 2.0" experience something of a revival...more
9/6/2019
/ Climate Change ,
CMBS ,
Commercial Mortgage Securitization ,
EU ,
EU Transparency Directive ,
Loan Market Association ,
Loan Syndication and Trading Association (LSTA) ,
Mortgage-Backed Securities ,
Popular ,
Reporting Requirements ,
Securitization Standards ,
Special Purpose Vehicles ,
Sustainability ,
Sustainable Development Goals (SDGs) ,
Transparency ,
United Nations
In 2015, the United Nations General Assembly adopted 17 sustainable development goals to be achieved by 2030 ("SDGs"). The SDGs include ending poverty and hunger, promoting gender equality, tackling climate change and...more
9/6/2019
/ Africa ,
Bond Markets ,
Bonds ,
Climate Change ,
Collateralized Loan Obligations ,
Economic Development ,
Education Reform ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Gender Equity ,
General Assembly ,
Health and Safety ,
Investment Funds ,
Investment Opportunities ,
Popular ,
Poverty ,
Sustainability ,
Sustainable Development Goals (SDGs) ,
United Nations
Governments and multilaterals alone cannot finance the transition to a sustainable, low-carbon economy: the world's savers (via the banks and bond market) represent the only pool of capital deep enough. The OECD estimates...more
5/3/2019
/ Asia Pacific ,
Banks ,
Bond Markets ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
Green Finance ,
Green Loans ,
Loan Market Association ,
Loan Syndication and Trading Association (LSTA) ,
OECD ,
Popular ,
Sustainability ,
Sustainability-Linked Loans (SLLs) ,
Sustainable Business Practices