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Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), Wilmington Trust Asset Management, LLC (WTAM), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through M&T Bank Corporation’s international subsidiaries. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank. Member, FDIC. 
M&T Bank Corporation’s European subsidiaries (Wilmington Trust (UK) Limited, Wilmington Trust (London) Limited, Wilmington Trust SP Services (London) Limited, Wilmington Trust SP Services (Dublin) Limited, Wilmington Trust SP Services (Frankfurt) GmbH and Wilmington Trust SAS) provide international corporate and institutional services.
WTIA, WFMC, WTAM, and WTIM are investment advisors registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, WTAM, and WTIM is also available on the SEC's website at adviserinfo.sec.gov. 
Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.
M&T Bank  Equal Housing Lender. Bank NMLS #381076. Member FDIC. 
Investment and Insurance Products   • Are NOT Deposits  • Are NOT FDIC Insured  • Are NOT Insured By Any Federal Government Agency  • Have NO Bank Guarantee  • May Go Down In Value  
Investing involves risks and you may incur a profit or a loss. Past performance cannot guarantee future results. This material is provided for informational purposes only and is not intended as an offer or solicitation for the sale of any security or service. It is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. There is no assurance that any investment, financial or estate planning strategy will be successful.

That’s a wrap on another exciting Global ABS in Barcelona! We love taking part in this level of energy around loans, CLOs, securitisations, and alternative financing.

From scheduled sessions to one-on-one conversations, here are the five takeaways that caught our interest.

1. Enthusiasm is running high

While the global economy and credit market conditions create challenges, they also offer many opportunities for issuers and investors to innovate and participate in financing transactions, from private credit to the CLO, MBS, and other securitised debt markets.

2. Emerging technologies offer promise

For the capital markets, cutting-edge technologies such as distributed ledger technology (DLT), AI, and alternative data are revolutionising underwriting, servicing, and decision-making processes. They also benefit providers from legal to trustees and agents. Patrick Tadie, Executive Vice President, Global Capital Markets, Wilmington Trust, joined a panel of experts looking at the implications. We are still in the early days, but the potential is compelling.

3. Securitisation in sustainability deals

Consensus is strong that securitisation can play a significant part in financing energy transition and other sustainability initiatives. As a result, many stakeholders are investing effort into ESG methodologies, analytics, and disclosure practices to incorporate sustainability factors into processes with metrics and impact reporting. 

4. Regulatory monitoring, adaptation, and compliance

These practices continue to be a central concern in the industry. We heard frequent discussions and questions around future global securitisation regulations, the use of Non-Performing Loan (NPL) Guarantee Markets, and the implications of Basel 3.1, sometimes called Basel IV, in strengthening banks’ capital requirements and helping drive more non-bank lending.

5. Trustees matter

We may be biased, but we hear increasing recognition of the value added by trustees in securitisations. They help stabilise residential and commercial real-estate securitisations while maintaining preparedness for potential defaults. Trustees have deep experience in issues like emerging technologies, release of security structures, and electronic consents. Discussion of both safety and innovation was a central part of the panel on “Trustee Perspectives of Current Market Issues,” which included Daniel Wynne, Director, Structured Finance, Wilmington Trust.

Contact us today

Our team left the conference inspired and energised by the vibrancy and forward-thinking nature of the global securitisation community. If we missed you or you didn’t have a chance to attend, we’d be happy to set up a call and connect with you. 

Not all services are available through every domestic and international affiliate or in all jurisdictions.

This article is for educational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service or as a determination that any investment strategy is suitable for a specific investor. Investors should seek financial advice regarding the suitability of any investment strategy based on their objectives, financial situations, and particular needs. This article is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of a professional advisor should be sought.

Disclosures:

    • © 2024 M&T Bank and its affiliates and subsidiaries. All rights reserved.
    • Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), Wilmington Trust Asset Management, LLC (WTAM), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through M&T Bank Corporation’s international subsidiaries. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank. Member, FDIC. 
    • M&T Bank Corporation’s European subsidiaries (Wilmington Trust (UK) Limited, Wilmington Trust (London) Limited, Wilmington Trust SP Services (London) Limited, Wilmington Trust SP Services (Dublin) Limited, Wilmington Trust SP Services (Frankfurt) GmbH and Wilmington Trust SAS) provide international corporate and institutional services.
    • WTIA, WFMC, WTAM, and WTIM are investment advisors registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, WTAM, and WTIM is also available on the SEC's website at adviserinfo.sec.gov. 
    • Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.
    • M&T Bank  Equal Housing Lender. Bank NMLS #381076. Member FDIC. 
    • Investment and Insurance Products   • Are NOT Deposits  • Are NOT FDIC Insured  • Are NOT Insured By Any Federal Government Agency  • Have NO Bank Guarantee  • May Go Down In Value  
    • Investing involves risks and you may incur a profit or a loss. Past performance cannot guarantee future results. This material is provided for informational purposes only and is not intended as an offer or solicitation for the sale of any security or service. It is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. There is no assurance that any investment, financial or estate planning strategy will be successful.

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