Tom Hall

1 week ago | globalcapital.com | George Smith |Tom Hall

The long weekend in the UK comes at a welcome moment for the GlobalCapital Securitization team, after frenetic run in to Easter, with deals delayed, regulatory shocks and even new asset classes emerging. In his book The Misbehaviour of Markets, mathematician Benoit Mandelbrot describes the concept of trading time. Everyone in capital markets will intuitively grasp the idea. Time flies during high volatility. Weeks worth of market movements happen in mere hours.

2 weeks ago | globalcapital.com | George Smith |Tom Hall

You can see why risk retention is an intuitively appealing idea. If you think of securitization as banks selling loans to investors who are blindly buying based on a credit rating, then one thing you can do is at least make the banks keep some "skin in the game". Obviously, that’s not how it works. But in the case of banks securitizing their own loan books, at least, it’s easy enough to see why you might like the idea of risk retention.

4 weeks ago | globalcapital.com | George Smith |Tom Hall

It was the first of two hectic weeks for GlobalCapital’s European securitization dynamic duo George Smith and Tom Hall. However, the UK securitization GC Live briefing, two Invisso conferences in two days, and our London Awards shindig were not going to stop them sitting down for their weekly chinwag about the happenings in the market.

1 month ago | globalcapital.com | George Smith |Tom Hall

Another Fine Mezz returned to its traditional line-up this week, with senior securitization reporter George Smith hosting fellow ABS journalist Tom Hall. Recent deal making activity in European securitization has come in falvaours as varied as the continent's different cuisines. Tom hasn't even been at GlobalCapital for three months, yet CMBS is already is favourite subject — at least if you believe George. Who can blame him?

1 month ago | globalcapital.com | George Smith |Tom Hall

It can be difficult to know what to make of all the recent debuts in European securitization. Indeed, George Smith argued a few weeks ago that the slew of recent and prospective inaugural first-time issuers doesn’t mean the market is functioning perfectly — or that regulatory reform can be forgotten. Overall, though, it’s certainly something to feel positive about. And Tom Hall struck a more upbeat note in this recent story, highlighting the rise in UK specialist lenders.