FT Alphaville’s toy Collateralised Whatever Obligations
The FTAV Credit Explainer Part II: Securitisation Bugaloo
Related reading
So much of credit securitisation still relies on magical thinking
Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks
Private equity finds a new way to deal with its deadline crisis
Examples of assets shunted from one continuation vehicle into another are dribbling out
ECB warns banks against excessive use of risk-transfer deals
Securitisation deals to secure capital benefits were up 85% in the first half of this year
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence
Everything you always wanted to know about credit (but were afraid to ask)
To pay or not to pay, that is the question
Separating the signal from the noise in private credit
What matters most is how capital was deployed and underwritten