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Global Structured Finance Year In Review: 2016
Article

Global Structured Finance Year In Review: 2016

S&P Global Market Intelligence
Standard & Poor's, 2016
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Editorial Rating

7

Qualities

  • Comprehensive
  • Analytical
  • Innovative

Recommendation

Structured finance markets, consisting of complex collateralized securities, shrank in issuance volumes in 2016, due largely to declines in the United States. But the downdraft did not cover all geographies or product lines. Investment professionals at S&P Global Market Intelligence dissect and scrutinize global structured finance markets’ 2016 performance and 2017 prospects. getAbstract recommends their robust analysis to investors and market participants interested in assessing the condition of the world’s securitization markets.

Summary

In 2016, the global issuance volume of complex collateralized securities – asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLO) and residential mortgage-backed securities (RMBS) – fell 5% from their 2015 levels, to $652 billion. Continuing low interest rates contributed to the decline, as they kept banks from securitizing in favor of retaining loan assets on their books. Evolving regulatory pressures also acted as a brake on securitizations in some markets.

The United States, the leading structured finance market by far, saw total issuance...

About the Author

Standard & Poor’s is a global rating agency and a research and analysis organization

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