Esteban Duarte

Toronto

Reporter at Bloomberg News

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Articles

EU Seeks Input on Securitization Revamp for Banks’ Buffers

1 week ago | bloomberg.com | Esteban Duarte |Max Ramsay

The European Commission is planning public consultations about the possible broader adoption of asset-backed securities by banks for emergency cash reserves. The move is part of a larger strategy to revive Europe’s €1.2 trillion ($1.4 trillion) securitization market, for which authorities want a bigger role to finance housing, defense and other sectors.
EU Seeks Input on Securitization Revamp for Banks’ Cash Buffers

1 week ago | news.bloomberglaw.com | Esteban Duarte |Max Ramsay

The European Commission plans a public consultation about the possible broader adoption of asset-backed securities by banks for their emergency cash reserves. The move is part of a larger strategy to revive Europe’s €1.2 trillion ($1.4 trillion) securitization market, for which authorities is seeking a bigger role to finance housing, defense and other sectors.
ING Plans Potential SRT Tied to €5 Billion of Corporate Loans

1 week ago | news.bloomberglaw.com | Esteban Duarte |Sarah Jacob

ING Groep NV is in talks with investors about a significant risk transfer, according to people familiar with the matter, as lenders ramp up sales of the instruments which can bolster their ability to withstand unexpected shocks. The largest bank in the Netherlands is considering an SRT deal tied to a portfolio of about €5 billion ($5.8 billion) of corporate loans, said the people, who asked not to be named because the matter is private.
Chorus Capital’s Juan Grana Departs Firm Amid SRT Sales Boom

2 weeks ago | news.bloomberglaw.com | Esteban Duarte

Juan Grana,the head of origination at Chorus Capital Management Ltd., recently resigned from the London-based asset manager, according to people with knowledge of the matter. A representative for Chorus Capital, one of the largest investors in significant risk transfers, didn’t respond to requests for comment outside of normal business hours. Grana, a managing director at the firm, declined to comment.
Erste Courts SRT Investors as It Readies €7 Billion Polish M&A

2 weeks ago | news.bloomberglaw.com | Esteban Duarte |Abhinav Ramnarayan |Marton Eder

Austria’s Erste Group Bank AG is sounding out investors for a significant risk transfer, according to people familiar with the matter, as it seeks to free up regulatory capital ahead of a planned €7 billion ($8.1 billion) acquisition in Poland. The Vienna-based lender is looking at an SRT tied to a portfolio of company loans in Austria, said the people, who asked not to be named because the matter is private.
Aareal Bank Plans Debut SRT Tied to Commercial Real Estate Loans

2 weeks ago | news.bloomberglaw.com | Esteban Duarte |Stephan Kahl

Germany’s Aareal Bank AG is working on a significant risk transfer linked to a portfolio of commercial real estate loans, according to people with knowledge of the matter. The size of the reference portfolio is about €1.5 billion ($1.7 billion), said the people, who asked not to be identified because the information is private. The property lender’s debut SRT would be tied to a so-called blind pool of loans, meaning that borrowers’ names wouldn’t be disclosed to investors, they added.
Fortress Hires ICG’s Reynolds to Lead European Fundraising

2 weeks ago | news.bloombergtax.com | Esteban Duarte

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Fortress Hires ICG’s Reynolds to Lead European Fundraising

2 weeks ago | news.bloomberglaw.com | Esteban Duarte

Fortress Investment Group hired Rob Reynolds to oversee the US firm’s institutional fundraising strategy in Europe as the alternative asset manager moves ahead with its plan to expand its footprint. Reynolds will report to Seth Ruthen and Scott Werthamer, co-heads of Fortress’ Client Product and Solutions Group, the firm said in an emailed statement seen by Bloomberg. Reynolds, who is joining as a managing director, will be the firm’s head of European Institutional Business Development.
Aareal Bank will €1,5 Mrd. Kredite gegen Ausfall sichern: Kreise

2 weeks ago | bloomberg.com | Esteban Duarte |Stephan Kahl

Die Aareal Bank arbeitet an einer Transaktion, mit der sie Ausfallrisiken aus einem rund 1,5 Milliarden Euro schweren Immobilienkredit-Portfolio teilweise auf externe Investoren übertragen würde. Das hat Bloomberg aus informierten Kreisen erfahren. Es handelt sich dabei um einen so genannten Significant Risk Transfer (SRT), die erste Transaktion dieser Art für die Aareal Bank, wie es weiter hieß. Die Bank selbst wollte sich zu den Informationen nicht äußern.
European Bank Watchdog Weighs Setting Up Green SRT Framework

2 weeks ago | news.bloomberglaw.com | Esteban Duarte |Nicholas Comfort |Abhinav Ramnarayan

The European Banking Authority is considering developing a framework for lenders to issue synthetic risk transfers on loans that are specifically related to green projects. The regulator “may start looking at it next year,” Roberta De Filippis, team leader for securitization and covered bonds at the EBA, said at a conference in Barcelona on Wednesday.