Comments will be light in observance of Veteran’s day.
Conferences:
- Security and Exchange Commission’s Fintech Forum on November 14th in Washington, DC. PeerIQ CEO, Ram Ahluwalia, will speak on a panel titled “Recent Innovation in Capital Formation”. Watch the live webcast here.
- Bloomberg’s “Growing a FinTech Enterprise: Legal & Business Frameworks” briefing, Wednesday, November 16th, in Washington, DC. Ram will join SoFi General Counsel, Rob Lavet, and Thomas Baxter from Sullivan & Cromwell to discuss how FinTech firms can position for growth and navigate regulatory challenges.
- IMN’s Investors’ Conference on Marketplace Lending, December 1st in New York. COO, Kevin Reed, will speak on a panel titled, “Third Party Loan Valuation.” Ram will speak on the panel, titled, “Assessing the Relative Value of Securitization as a Funding Tool”.
- Opal Group’s, “Marketplace Lending and Alternative Financing Summit” December 4-6 in Dana Point, CA. Ram will join a discussion on “Securitization in Marketplace Lending”.
Sector Update:
- LendingClub Loan Volume Stabilizes (WSJ, 11/7/16) Online lender secures new loan-sale deal with large bank as third-quarter results exceed expectations. Quarterly results presentation can be found here.
- Trump Gives Banks Their Best Shot at Rolling Back Dodd-Frank (American Banker 11/10/16) A wholesale repeal of Dodd-Frank is unlikely.
- Banks Are Hoarding $2.4 Trillion of Bonds (Bloomberg, 10/30/16) Banks are increasingly ceding origination and credit risk to non-banks and institutional investors.
- Obama’s Successor Inherits Bond Market at Epic Turning Point (Bloomberg, 11/6/16) Reduced demand for US bonds coupled with increased supply may mean higher rates.
- Five Issues to Watch as OCC Mulls Fintech Charters (Bloomberg BNA, 11/7/16) A review of key considerations surrounding a proposal for a fintech charter.
- U.S. Election Street Wrap: Financials Surge on Trump Optimism (Bloomberg, 11/9/16) Financial service firms and student lenders outperform as Trump win may mean lighter regulation.
- Trump’s Election Victory to Shift Ground on Trade, Financial Regulation, Healthcare (Moody’s, 11/9/16) The relaxation of financial regulations following Trump’s victory would have mixed credit implications for structured finance transactions, Moody’s analysts write in research note.
- Trump Has Bank Stocks Singing ‘Hail to the Chief’ (WSJ, 11/9/16) Banks will likely face fewer regulations, but could be harmed by protectionist policies.