In mid-2013 the Central Bank of Ireland (“Central Bank”) issued a Discussion Paper in relation to loan origination by Irish domiciled regulated alternative investment funds. Context for that Discussion Paper included the evident appetite for launching direct loan origination products on the part of credit managers as well as the apparent need for alternative credit sources for commercial enterprises in an environment where the bank lending had been significantly curtailed. On July 28, 2014 the Central Bank issued a Consultation Paper...

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Download the full report for data on the top five loans taking losses and top five newly delinquent loans in July. The Trepp CMBS delinquency rate barely extended its winning streak to fourteen months in July. The delinquency rate for US commercial real estate loans in CMBS is now 6.04%, one basis point lower month-over-month. July’s reading is 244 basis points lower than the year-ago level. Year-to-date, delinquencies have fallen 139 basis points from 7.43% as of December 31, 2013. Loan resolutions totaled...

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Last week, the U.S. Department of State’s visa processing database, which controls the issuance of visas and passports at the U.S. consulates abroad, experienced system performance issues (including outages) leading to worldwide delays in visa issuances for individuals seeking entry into the United States. The malfunction in the Consular Consolidated Database stalled the processing of U.S. visas for foreign nationals at consulates around the world, and was not limited to one consulate or country. Although the consular database is back...

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There is a hurdle to be acknowledged: most in this world of business and transactions are used to working in a world governed by quantitative data that can be measured and analyzed: EBITDA, interest rates, IRR and ROI,  exchange rate or bond yields.  Assigning a critical value to culture in business and transactions, is asking for an acknowledgment of the importance of a markedly non-quantitative factor in business. This requires a fundamental shift in our overall calculus, away from...

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Shopping App Stylewhile, a member of the European American Chamber of Commerce, is pleased to announce the launch of a new online marketplace for emerging and independent designers. The App gives consumers the tools to easily discover today’s most exciting up-and-coming brands, and to shop in a more interactive way than the traditional online shopping experience allows. Users can virtually ‘try-on’ different items, mix and match pieces from multiple brands, and buy online – all with the swipe of a...

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