Fitch sees defaults, arrears rising as growth slows amid tight financial conditions. As global economic growth slows and inflation persists, the structured finance sector will see asset performance weaken in the second half, says Fitch Ratings. In a new report, the...
London-based private credit manager Pemberton Asset Management has made a first close of its Net Asset Value (NAV) strategic financing strategy at over $1bn of investible capital. The strategy provides financing solutions to private equity firms predicated on the underlying...
Proposed principles aim to address growth of outsourcing, fintech. Amid a growing reliance on technology in the banking sector, as well as the rise of fintech, global banking regulators are proposing new principles for managing third-party risk. On Tuesday, the Basel...
Banks will instead use digital tokens to authenticate bank account login attempts. Major retail banks in Singapore will progressively phase out the use of one-time passwords (OTPs) for bank account login by customers who are digital token users over the...
Singapore’s regulator is working with banks to hash out consistent standards for lenders accepting funds from clients as the Asian financial centre seeks to further boost guardrails against money laundering. The Monetary Authority of Singapore (MAS) set up a group...
Watchdogs are concerned about the “substantial” risk to investors in the private-credit market after it emerged that almost 40% of funds don’t have skin in the game. The decision by so many managers to avoid putting their own capital into...
The People’s Bank of China (PBOC) tightened its grip on interest rates, introducing a new mechanism to influence short-term borrowing costs as policymakers expand their toolkit to guide markets. The central bank’s move to conduct new bond repurchase or reverse...
Nuveen, which manages $1.2 trillion of assets, has completed the first close of its second global climate inclusion private equity strategy. The firm raised around $200 million from a mix of global investors, including Danish pension fund Velliv. Nuveen’s climate inclusion...
French insurer AXA is considering options for Axa Investment Managers, including potential merger talks with BNP Paribas Asset Management. The discussions involve potentially creating a joint venture between Axa Investment Managers and BNP Paribas Asset Management. Together, these units manage...
UK pension funds and insurers are showing a strong preference for diversification across renewable energy technologies, according to a survey. The survey commissioned by AlphaReal, a manager of secure income real assets, has revealed that 85% of respondents seek exposure...
