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The Covid Impact on Private & Alternative Credit in Europe

19/06/2020 at 2:10 pm

Navigating the Unknown   Covid Impact on Alternative Credit_Integer Advisors (PDF Version) Executive Summary The following is an excerpt of our report (see PDF link for full version) In this report, we look at the impact of the covid crisis on private and alternative credit markets in Europe, spanning mortgage, consumer and small-/ mid-cap corporate credit.  On our estimates, this non-bank specialty lender-led market has a footprint of roughly €350bn in terms of loan stock, do...

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Update on Capital Relief Trades in Europe

02/10/2019 at 9:14 am

Steady Momentum Continues    Update on Capital Relief Trades in Europe (PDF Version) Executive Summary This article serves as an update to our original, in-depth report on credit risk transfer / capital relief trades (CRTs) published in the summer of 2018 (see here). Over the past year, primary supply of CRT tranches looks to have remained broadly range-bound, with the greater prominence of supras and development banks as protection buyers emerging as an interesting trend. Demand tec...

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