Another Fine Mezz

Senior securitization reporter George Smith and reporter Tom Hall focus on deal activity in the European ABS this week, with a short trip to the Middle East.

George Smith and Tom Hall discuss all the action in a European securitization primary market that is becoming a little more adventurous across all sectors.

Covered bond editor Frank Jackman joins George Smith to discuss Paragon’s innovative buy-to-let covered bond, before George and regular podcaster Tom Hall discuss the prospects for UK bridging RMBS, Italian ABS pricing and capital treatment of subscription lines

George Smith and Tom Hall discuss the recent run of ABS debuts, the ECB's plans to fast-track SRT approvals and bumper CLO fundraising

George Smith and Tom Hall discuss why ESMA’s consultation misses the mark, how another sponsors boosts CMBS, and whether euro CLO spreads are about to hit their floor

SFA CEO Michael Bright joins George Smith and Oliver West to preview SF Vegas

Mudasar Chaudhry, head of European structured finance research at Morningstar DBRS, discusses the market outlook with our reporters George Smith and Tom Hall.

George Smith is joined by Diana Bravo and Nick Conforti to discuss the state of data centre financing in the US, while Europe's securitization market keeps ticking over.

George Smith and Tom Hall discuss the return of the European CMBS market, how to boost SME financing and why banks are restricting SRT investors use of leverage.

George Smith and Oliver West discuss why asset managers snapped up Santander's Holmes, how Toyota and VW attracted big books despite differing disclosure on ESG.

First up our new hire, Tom Hall, gets into the weeds of what to expect i n UK prime RMBS this year. Meanwhile, George Smith gets stuck into the surge of CLO ETFs in Europe and whether their impact will match up to how they have change the market in America. Tom is making his Another Fine Mezz debut this week, to cap a flying start to life at GlobalCapital . There’s lots more to come from both of T...

European ABS reporter George Smith and freelance CLO reporter Victoria Thiele discuss whether 2025 can live up to a stellar 2024. Both discuss the features they wrote for GlobalCapital ’s review of the year ( ABS here and CLOs here ). In CLOs, there might be a bit more of an ebb and flow to issuance next year, but expectations are for another strong year of supply, with a quick start in January ....

For the final episode of the Another Fine Mezz SRT Series, former securitization editor Tom Lemmon was joined by Natascha Winberg, MUFG’s head of financial institutions for Germany, Austria and Switzerland. They discuss what the next decade will look like for the SRT market, with regulators likely to push for more transparency. The investor base may also continue to grow, particularly as banks use...

In the latest installment of GlobalCapital's SRT podcast series, host George Smith was joined by Georgi Stoev and Thomas Lupbrand from the European Investment Fund. The guests explored the unique role of the EIF in the SRT market, as well as reflecting on their careers to date. The pair discuss how the EIF has been instrumental in expanding the SRT market into new jurisdictions, by leveraging...

For a special episode of Another Fine Mezz this week, GlobalCapital ’s senior securitization reporter George Smith was joined by Dipesh Mehta, Funding Circle’s chief capital officer. Funding Circle is one of limited number of issuers offering European ABS investors the opportunity to get SME exposure. Of late however, with regulators making the right noises and with more issuers bringing different...

GlobalCapital 's securitization podcasting trio reunite for one last episode. Former CLO reporter, now freelancer, Victoria Thiele is back on the show, but host Tom Lemmon said goodbye.  George Smith meanwhile remains in post, stoic as ever. He attended DealCatalyst's ABSF conference in London on November 25 and shared his take on the big themes under discussion. There was also exciting...

With a host of special guests dominating the Another Fine Mezz podcast in recent weeks, this week's normal episode with host Tom Lemmon and European ABS reporter, George Smith, felt almost unusual.  As was long-predicted, European securitization markets have been fairly quiet since Donald Trump's second election victory on November 5. However, a ruling by the UK Court of Appeal on motor...

This week on Another Fine Mezz , host Tom Lemmon welcomed Alantra's SRT specialist, senior advisor, Jeremy Hermant as the third guest in the SRT Series.  Hermant discussed the increasing role of arranging banks in SRT transactions as the market increasingly opens itself up to smaller banks who need to efficiently manage their capital requirements.  In addition, Hermant spoke about the regulat...

There was only one place to start this week's episode of Another Fine Mezz after Enpal's stunning debut solar ABS, the first of its kind in Europe. European ABS reporter, George Smith, explained why the deal from Germany's largest renewable energy provider had such strong demand, although both he and host, Tom Lemmon questioned whether the deal would see a host of others following i...

This week on Another Fine Mezz , host Tom Lemmon sat down with Man Group's, co-head of credit risk sharing, Matthew Moniot for the second episode of GlobalCapital's SRT Series.  Moniot explained how the world of risk sharing has changed since he first started dealing with "SRT-like" products in the late 90's. And now, senior leaders within banks have recognised that it&apo...

On this week's episode of Another Fine Mezz, host Tom Lemmon and European ABS reporter, George Smith geared up for yet another busy week in ABS with the market's late-September slump looking well and truly over.  As the US presidential election on November 5 draws ever closer, it seems more and more market participants are not terribly fussed about it, despite worrying about it for most...

After teasing it for weeks, the new SRT Series of Another Fine Mezz is here.  European ABS reporter, George Smith sat down with Frank Benhamou, risk transfer portfolio manager Cheyne Capital to kick the series off. Prior to Cheyne Capital, Benhamou spent over 17 years at Barclays, where he was one of the key architects of the bank's SRT platform, making him the perfect person to begin the ser...

The great regulatory war over European securitization could soon be coming to an end following the European Commission's launch of its consultation last week. Naturally, the Another Fine Mezz team were very excited to summarise the reaction so far, not least for host, Tom Lemmon.  European ABS reporter, George Smith was also on hand to discuss what could happen, with many market bigwigs hopef...

This week on Another Fine Mezz , host Tom Lemmon sat down with KBRA's head of European research, Gordon Kerr as part of a sponsored episode looking ahead to KBRA's structured finance symposium.  Kerr spoke about the brilliant, record-breaking year for the European securitization market and the hope that this could be just the start with optimism building that transformative reforms for t...

With the summer holidays of the Another Fine Mezz team well and truly over, it was back to normal this week. Similarly, the European securitization market has eased into October with deal flow slowing to a much more manageable pace.  WiZink bank completed a successful return to the market after a troubling debut in 2023 for its Portuguese credit card ABS. However, host Tom Lemmon argued that despi...