Articles featuring:
Securitisation
6 major changes in new Luxembourg securitisation law
Securitisation is an important and flexible structure which is used by many investors. In this context, Luxembourg is one of the leading jurisdictions in Europe, with the aggregated balance sheet of financial vehicle corporations (FVCs) domiciled in Luxembourg at the end of Q1 2022 standing at 387.1 billion euros, [...]
Unpacking Luxembourg’s Amended Securitisation Law
A web session with CrossLend, PwC and Allen & Overy With Luxembourg as one of the main jurisdictions for securitisations in Europe, recent amendments to the duchy’s securitisation law look set to provide additional flexibility and clarity for issuers and investors. That includes expanding the variety of financial instruments [...]
Securitisation 2.0 in Luxembourg
CrossLend’s resident expert on securitisations, Head of Legal Antonine Sanchez, talks about the potential advantages of a securitisation structure for investors, the changes to Luxembourg’s securitisation law including the ability to better incorporate foreign instruments such as German Schuldschein, and the concept of securitisation as a service. Hi Antonine, can [...]
The growth of private debt in Europe has its origins in the Global Financial Crisis
Brian Kane, Director of Capital Markets and Origination at CrossLend, spent the best part of seventeen years working at a ratings agency in Europe from 1997 to 2015. There he had a ringside seat to the emergence of a range of new funding instruments and asset classes in the [...]
Will embedded finance shake up the B2B sector?
Consumers have eagerly taken to the introduction of embedded finance, including buy now pay later (BNPL). Experts believe the B2B space is now primed to follow this consumer trend. They predict that B2B companies will make extensive use of embedded finance products and services, small and medium businesses (SMEs) [...]
Private debt ESG investing meets digital debt technology
Well-known in the public debt markets, Environmental, Social, and Governance (ESG) investing in private debt is attractive for investors too. Nevertheless, issues around data and scale can hamper the validation of ESG credentials within private debt. This wasn’t the case in a marquee transaction between Bikeleasing and MEAG, facilitated [...]
BNPL – what’s next for the payment alternative that’s taken the world by storm?
Buy now pay later is a relatively simple concept and not entirely new - but it’s seen massive growth over the past two years, as e-commerce volumes boom. Widespread adoption has come from the fact that merchants love it, since it increases sales; consumers like being able to splurge [...]
‘As a Service’ companies are growing fast – and so are the demands for debt financing
Businesses and consumers alike are drawn to the convenience and flexibility offered by ‘as a Service’ companies, including companies which operate within the fields of mobility, equipment, or infrastructure like solar panels. For such companies, fast growth and scaling is often coupled with the need to invest in equipment, [...]
Legal newsflash – Luxembourg’s securitisation regime is to be modernised
The long-awaited draft bill amending Luxembourg's 2004 securitisation law (the “Bill”) was submitted to the Luxembourg Parliament on 21 May 2021. The Bill aims to increase the flexibility of the already successful Luxembourg securitisation regime. In view of growing competition from other European jurisdictions, the amendments are expected to [...]
Reflecting on the regulatory framework for securitisation
At the end of September, the European Commission released its latest action plan for the Capital Markets Union. Acutely aware of the importance of timing as Brexit continues to move in an uncertain direction and as the effects of the pandemic persist, the recent action plan has provided some [...]