Another Fine Mezz
Episodes
The lease you can do
16 Mar 2026
Contributed by Lukas
Leasing ABS thrives, private credit worries and CLOs widen
Lendco’s Adrian Scragg on MFS and Iran conflict
12 Mar 2026
Contributed by Lukas
The fallout of MFS entering administration, how Iran war is affecting the market and CLO managers’ software headache
Servicer view of 'largest Chapter 7 bankruptcy in history'
06 Mar 2026
Contributed by Lukas
Vervent explains how Tricolor warehouse and ABS deal servicing work.David Johnson, chief executive of Vervent, joined Another Fine Mezz at the SF Vega...
No Solutions
04 Mar 2026
Contributed by Lukas
The fall of Market Financial Solutions and Ares’ second private credit CLOA spokesperson for Market Financial Solutions told GlobalCapital last week...
Ledn founder explains Bitcoin ABS
27 Feb 2026
Contributed by Lukas
Adam Reeds joins Another Fine Mezz to discuss pioneering dealOn the back of pricing the first ever Bitcoin loan asset-backed securitization last month...
Unwritten rules
24 Feb 2026
Contributed by Lukas
UK regulations take shape, software slide tests CLO managers’ mettle and how captive equity is distorting the market
Inside SF Vegas '26
20 Feb 2026
Contributed by Lukas
Structured Finance Association CEO Michael Bright previews major industry event
State of the arb
17 Feb 2026
Contributed by Lukas
CLO triple-As finally tighten and a template established for European data centre ABS
Look Yondr!
10 Feb 2026
Contributed by Lukas
A new European data centre sponsor, Dutch buy-to-let back in business, CLO equity squeezed and a bitcoin backed deal
A stuffed Pepper order book
03 Feb 2026
Contributed by Lukas
Thomas Hopkins discuss whether private credit and BSL CLOs are really adversarial as often thought while Tom Hall gets his teeth in a tasty Pepper tra...
To the last 0.5bp
26 Jan 2026
Contributed by Lukas
Thomas Hopkins discusses a vintage of CLOs being refinanced rather than reset, while Tom Hall talks about whether CMBS investors can share with banks
Holmes: a study in WALs
19 Jan 2026
Contributed by Lukas
Tom Hall goes through a sterling week of deals for European ABS, while Thomas Hopkins dissects the dangers that a rise in LMEs would pose for European...
On your marks...
16 Jan 2026
Contributed by Lukas
George Smith gets the outlook for prime RMBS from Tom Hall and CLO resets from Tom Hopkins, as familiar shelf returns to its usual spot in the calenda...
Make it a double
09 Jan 2026
Contributed by Lukas
George Smith talks to Tom Hall about an equity release double debut RMBS and the rise of the Australian securitization market
The paradox of lender M&A
09 Dec 2025
Contributed by Lukas
George Smith and Tom Hall talk through Enpal’s second deal, the UK’s bank capital tweaks and why there isn’t more M&A in the specialist lend...
Solar ABS gets pumped up
01 Dec 2025
Contributed by Lukas
This week Tom Hall and Thomas Hopkins discuss how Enpal's return heated up the ABS market and take the CLO equity market's temperature
Sleeping giants awaken
25 Nov 2025
Contributed by Lukas
George Smith talks to Tom Hall about a run of giant ABS deals, and to Thomas Hopkins about whether changes to Solvency II will bring insurers flocking...
Topiary and private credit CLOs
18 Nov 2025
Contributed by Lukas
George Smith talks to Thomas Hopkins about hedging in private credit CLOs, before Tom Hall discusses Cerberus’ bridging breakthrough
Prefunding preferred please
10 Nov 2025
Contributed by Lukas
George Smith talks to Thomas Hopkins about what S&P’s France downgrade means for CLOs and sterling ABS issuers’ enthusiasm for prefunding
Discretionary commission in the rear view mirror
03 Nov 2025
Contributed by Lukas
Waterfall's forward flow advantages, UK auto ABS resumes and CLO managers tackle a bifurcated leveraged loan market
The seesaw of CLO mezz
27 Oct 2025
Contributed by Lukas
George Smith talks to Tom Hall about a wobble in the sterling ABS market and to Tom Hopkins about some signs of widening in CLO mezz
Sharia compliant RMBS gets into its stride
20 Oct 2025
Contributed by Lukas
Tom Hall talks to George Smith about mortgage tokenisation and Thomas Hopkins about a bifurcation in the leverage loan market and a breakthrough deal ...
Another Fine Thomas
15 Oct 2025
Contributed by Lukas
Thomas Hopkins, GlobalCapital’s new CLO reporter, makes his debut on the pod discussing a wave of CLO resets with Tom Hall
A buzz in the air
30 Sep 2025
Contributed by Lukas
George Smith talks to Tom Hall about an exciting deal in the pipeline, SME financing and supply from Santander
A baker's dozen of loan types
23 Sep 2025
Contributed by Lukas
George Smith talks to Tom Hall about tight spreads in the European ABS market and KKR's blockbuster acquisition of NewDay's credit card book...
The Santander show
16 Sep 2025
Contributed by Lukas
Tom Hall talks to George Smith about the lively and Santander-dominated European ABS primary market, before discussing the bankruptcy of US ABS issuer...
Form an orderly queue
11 Sep 2025
Contributed by Lukas
George Smith and Tom Hall discuss the return of UK auto ABS and the serene progress of the other deals in the public marketsÂ
Float like a butterfly
05 Aug 2025
Contributed by Lukas
George Smith and Tom Hall discuss why CLO and loan prices are out of sync and some troubles for CMBS, before a chat with US MBS reporter Nick Conforti...
Burrito-backed bonds?
30 Jul 2025
Contributed by Lukas
In a regulation heavy episode of Another Fine Mezz, George Smith and Tom Hall discuss the FCA’s decision to regulate Buy Now, Pay Later and the EU’...
A Strong and Simple capital framework
22 Jul 2025
Contributed by Lukas
George Smith and Tom Hall discuss a flood of CLOs, a trickle of ABS, the UK's new bank capital rules and why banks are more interested in forward...
Securitizing from Warsaw to Rome
15 Jul 2025
Contributed by Lukas
George Smith and Tom Hall discuss the thriving Polish securitization market, developments in the Italian NPL market and take a trip down memory lane
Football, fermentation and financing
08 Jul 2025
Contributed by Lukas
George Smith and Tom Hall discuss a landmark wine and spirits deal, busy public markets and a couple of football stadium financings
I'll believe it when I C(MBS) it
02 Jul 2025
Contributed by Lukas
George Smith and Tom Hall discuss a pair of CMBS deals and whether you can trade an SRT
Prepare for a test of resilience
26 Jun 2025
Contributed by Lukas
George Smith and Tom Hall break down everything you need to know about the European Commission's proposals on capital requirements, LCR and secur...
Bring on Barcelona
06 Jun 2025
Contributed by Lukas
Morningstar DBRS's Christian Aufsatz joins usual duo George Smith and Tom Hall to review the year so far and preview the Global ABS conference in...
What on ETF happened?
03 Jun 2025
Contributed by Lukas
George Smith is joined by VanEck's Fran Rodilosso and Bill Sokol to discuss how CLO ETFs weathered the tariff induced volatility in April, before...
A sigh of (capital) relief
28 May 2025
Contributed by Lukas
George Smith and Tom Hall preview a packed road to Barcelona for ABS primary as deal activity picks up across all asset classes.
A better Vantage point
21 May 2025
Contributed by Lukas
George Smith and Tom Hall discuss whether Vantage's latest deal is setting the stage for more action in data centre ABS and the return of an well...
Coming out to play
13 May 2025
Contributed by Lukas
There are several encouraging signs in the European ABS primary market for GlobalCapital's George Smith and Tom Hall to discuss this week.
Getting back on track
30 Apr 2025
Contributed by Lukas
George Smith is joined by US securitization editor Oliver West to discuss a rare reperforming RMBS from Balbec and the pick up in public markets activ...
Catching some rays
24 Apr 2025
Contributed by Lukas
George Smith and Tom Hall discuss whether ABS and CLO issuers are managing to take advantage of period of calmer macro conditions and how to securitis...
Squeezing the brakes
17 Apr 2025
Contributed by Lukas
ABS primary slows down, but George Smith and Tom Hall discuss one issuer bucking the trend and whether secondary selling has been orderlyÂ
Powers of retention
10 Apr 2025
Contributed by Lukas
George Smith and Tom Hall discuss whether the tariffs chaos will derail the European ABS market and how the ESA report left the CLO market scrambling
Primary ponderings
27 Mar 2025
Contributed by Lukas
Senior securitization reporter George Smith and reporter Tom Hall focus on deal activity in the European ABS this week, with a short trip to the Middl...
The spice of life
20 Mar 2025
Contributed by Lukas
George Smith and Tom Hall discuss all the action in a European securitization primary market that is becoming a little more adventurous across all sec...
How do you like your buy-to-let mortgages?
12 Mar 2025
Contributed by Lukas
Covered bond editor Frank Jackman joins George Smith to discuss Paragon’s innovative buy-to-let covered bond, before George and regular podcaster To...
Going out in public
05 Mar 2025
Contributed by Lukas
George Smith and Tom Hall discuss the recent run of ABS debuts, the ECB's plans to fast-track SRT approvals and bumper CLO fundraising
Disclosure flaws and spread floors
27 Feb 2025
Contributed by Lukas
George Smith and Tom Hall discuss why ESMA’s consultation misses the mark, how another sponsors boosts CMBS, and whether euro CLO spreads are about ...
What happens in Vegas... will probably not stay in Vegas
20 Feb 2025
Contributed by Lukas
SFA CEO Michael Bright joins George Smith and Oliver West to preview SF Vegas
Looking ahead, feeling good
12 Feb 2025
Contributed by Lukas
Mudasar Chaudhry, head of European structured finance research at Morningstar DBRS, discusses the market outlook with our reporters George Smith and T...
A deep dive on data centres
04 Feb 2025
Contributed by Lukas
George Smith is joined by Diana Bravo and Nick Conforti to discuss the state of data centre financing in the US, while Europe's securitization ma...
All aboard the CMBS revival!
28 Jan 2025
Contributed by Lukas
George Smith and Tom Hall discuss the return of the European CMBS market, how to boost SME financing and why banks are restricting SRT investors use o...
The adventure of yield hungry asset managers
22 Jan 2025
Contributed by Lukas
George Smith and Oliver West discuss why asset managers snapped up Santander's Holmes, how Toyota and VW attracted big books despite differing di...
Will 2025 be RMBS prime time?
14 Jan 2025
Contributed by Lukas
First up our new hire, Tom Hall, gets into the weeds of what to expect in UK prime RMBS this year. Meanwhile, George Smith gets stuck into the surge o...
Bring on 2025
23 Dec 2024
Contributed by Lukas
European ABS reporter George Smith and freelance CLO reporter Victoria Thiele discuss whether 2025 can live up to a stellar 2024. Both discuss the fea...
SRT Series: Natascha Winberg, MUFG
20 Dec 2024
Contributed by Lukas
For the final episode of the Another Fine Mezz SRT Series, former securitization editor Tom Lemmon was joined by Natascha Winberg, MUFG’s head of fi...
SRT Series: Georgi Stoev and Thomas Lupbrand, EIF
16 Dec 2024
Contributed by Lukas
In the latest installment of GlobalCapital's SRT podcast series, host George Smith was joined by Georgi Stoev and Thomas Lupbrand from the Europe...
Special episode: Dipesh Mehta, Funding Circle
09 Dec 2024
Contributed by Lukas
For a special episode of Another Fine Mezz this week, GlobalCapital’s senior securitization reporter George Smith was joined by Dipesh Mehta, Fundin...
One Last Time
04 Dec 2024
Contributed by Lukas
GlobalCapital's securitization podcasting trio reunite for one last episode. Former CLO reporter, now freelancer, Victoria Thiele is back on the ...
The new PPI?
22 Nov 2024
Contributed by Lukas
With a host of special guests dominating the Another Fine Mezz podcast in recent weeks, this week's normal episode with host Tom Lemmon and Europ...
SRT Series: Jeremy Hermant, Alantra
20 Nov 2024
Contributed by Lukas
This week on Another Fine Mezz, host Tom Lemmon welcomed Alantra's SRT specialist, senior advisor, Jeremy Hermant as the third guest in the SRT S...
Enpal's golden day
07 Nov 2024
Contributed by Lukas
There was only one place to start this week's episode of Another Fine Mezz after Enpal's stunning debut solar ABS, the first of its kind in ...
SRT Series: Matthew Moniot, Man Group
05 Nov 2024
Contributed by Lukas
This week on Another Fine Mezz, host Tom Lemmon sat down with Man Group's, co-head of credit risk sharing, Matthew Moniot for the second episode ...
October rebound
23 Oct 2024
Contributed by Lukas
On this week's episode of Another Fine Mezz, host Tom Lemmon and European ABS reporter, George Smith geared up for yet another busy week in ABS w...
SRT Series: Frank Benhamou, Cheyne Capital
21 Oct 2024
Contributed by Lukas
After teasing it for weeks, the new SRT Series of Another Fine Mezz is here. European ABS reporter, George Smith sat down with Frank Benhamou, risk t...
One last regulatory dance
17 Oct 2024
Contributed by Lukas
The great regulatory war over European securitization could soon be coming to an end following the European Commission's launch of its consultati...
Sponsored episode: KBRA's Gordon Kerr
10 Oct 2024
Contributed by Lukas
This week on Another Fine Mezz, host Tom Lemmon sat down with KBRA's head of European research, Gordon Kerr as part of a sponsored episode lookin...
Easing into October with a little tipple
08 Oct 2024
Contributed by Lukas
With the summer holidays of the Another Fine Mezz team well and truly over, it was back to normal this week. Similarly, the European securitization ma...
Special Episode: European DataWarehouse’s Christian Thun
26 Sep 2024
Contributed by Lukas
Amid the hustle and bustle of DealCatalyst’s UK Mortgage conference, GlobalCapital’s Tom Lemmon and European DataWarehouse CEO Christian Thun mana...
Draghi, I love your way
17 Sep 2024
Contributed by Lukas
On this week's episode of Another Fine Mezz the podcasting duo of host, Tom Lemmon and European ABS reporter, George Smith barely had time to com...
What's in a name?
10 Sep 2024
Contributed by Lukas
“What's in a name? That which we call a rose by any other name would smell just as sweet," wrote William Shakespeare in his play, Romeo an...
Get the ABS party started
02 Sep 2024
Contributed by Lukas
This week on Another Fine Mezz, the carnage well and truly began in European ABS with 11 deals in the market. European ABS reporter George Smith and h...
ABS gladiators - Are you ready?
27 Aug 2024
Contributed by Lukas
In this week's episode of Another Fine Mezz, host Tom Lemmon was standing in once again for the travelling George Smith, and while he expected a ...
Talking about a (regulation) revolution
20 Aug 2024
Contributed by Lukas
This week on Another Fine Mezz was dominated by host Tom Lemmon's love of talking about a regulatory revolution in European securitization. The ...
Just another manic Monday
12 Aug 2024
Contributed by Lukas
After a manic Monday on which some ABS bankers wondered whether we would even have a market by the end of the week, the Another Fine Mezz team is happ...
Setting the SRT record straight
06 Aug 2024
Contributed by Lukas
On this week's episode of Another Fine Mezz, it was something akin to podcasting musical chairs with CLO reporter, Victoria Thiele, taking over f...
From Australia with reverse
30 Jul 2024
Contributed by Lukas
This week on Another Fine Mezz, the usual suspects of host, Tom Lemmon and CLO reporter, Victoria Thiele were a man down owing to European ABS reporte...
Tap, tap, tap in the equity
23 Jul 2024
Contributed by Lukas
On this week's Another Fine Mezz, usual host Tom Lemmon was taking a well-earned break to play golf, but it seems his enthusiasm for the sport ha...
The last days of Rhone
16 Jul 2024
Contributed by Lukas
GlobalCapital's CLO reporter, Victoria Thiele, returned to her desk just in time from her trip to Germany this week, in what was a collection of ...
CLO Series: John Kerschner, Janus Henderson
10 Jul 2024
Contributed by Lukas
At last, the Another Fine Mezz team's CLO Series is back with a bang after to chatting to potentially the hottest property in CLOs. That is John...
ABS resistance is melting (very slowly)
08 Jul 2024
Contributed by Lukas
Holiday season is in full flow it seems for the Another Fine Mezz team. Last week, usual host, Tom Lemmon, was enjoying an early Summer break, and so ...
Carnival of the (ABS) Animals
02 Jul 2024
Contributed by Lukas
The weird and wonderful world of European securitization was in full view last week with a number of issuers showing off their creative sides through ...
CMBS shocks while solar hopes rise
24 Jun 2024
Contributed by Lukas
What a week it was for European securitization, filled with both encouraging and worrying events for the Another Fine Mezz team to get stuck into. Fi...
Stunning Stellantis leads the way
18 Jun 2024
Contributed by Lukas
Stellantis grabbed the attention of the Another Fine Mezz team this week after pricing a huge €1.2bn Italian auto ABS with investors desperate to ge...
The jam-packed road to Barca
03 Jun 2024
Contributed by Lukas
A jam-packed episode of Another Fine Mezz this week meant a full line-up of podcasters was needed, and they duly delivered. With European securitizat...
Squeezing out all the tiers
28 May 2024
Contributed by Lukas
This week's episode of Another Fine Mezz had a distinctly American flavour to it, owing to CLO reporter, Victoria Thiele's trip to New York ...
CLO Series: Michael Herzig, First Eagle Alternative Credit
22 May 2024
Contributed by Lukas
This week on Another Fine Mezz, securitization editor Tom Lemmon gave usual podcasters George Smith and Victoria Thiele a well-earned rest. That was t...
European CMBS, where the 'M' stands for 'data centre'
13 May 2024
Contributed by Lukas
This week on Another Fine Mezz, the spectre of challenging diaries due to time difference meant usual host and securitization editor Tom Lemmon had to...
Regs can only get better
07 May 2024
Contributed by Lukas
The UK had a lot going on politically with its local and mayoral elections last week, which perhaps explains why the future of UK securitization regul...
All you can ETF and Santander's big beautiful ABS
29 Apr 2024
Contributed by Lukas
It was another week of 100% attendance from the Another Fine Mezz team, but such was the quality of stories this week, there was a fair bit of bickeri...
Deals, deals and downgrades
22 Apr 2024
Contributed by Lukas
A full house again on Another Fine Mezz this week where CLO reporter Victoria Thiele was practically bouncing off the walls with three Euro CLOs to re...
Belmont Green gets its flowers
15 Apr 2024
Contributed by Lukas
This week on Another Fine Mezz, the full podcasting trio was on hand to digest yet another hectic week for European Securitization. First up, ABS rep...
My kingdom for a second lien
09 Apr 2024
Contributed by Lukas
In an admirable effort to bring securitization to the people, George sat down on a Monday morning straight out of a holiday, beard still wild and unke...
When Altice said and done
02 Apr 2024
Contributed by Lukas
◆ Don't sweat the downgrade ◆ ABS rush ahead ◆ Another Fine Member for the teamThree became four this week on everyone's favourite s...
If I could turn back time (I'd do more credit work)
26 Mar 2024
Contributed by Lukas
Victoria Thiele took on hosting duties for this week's episode of Another Fine Mezz with usual host, Tom Lemmon, off playing golf somewhere. Wit...
The ABS show must go on
18 Mar 2024
Contributed by Lukas
This week's episode of Another Fine Mezz had a certain morning after the night before feel, with Tom Lemmon and Victoria Thiele still a bit fragi...
Recovering from Sin City
04 Mar 2024
Contributed by Lukas
This week on Another Fine Mezz, it was a case one step forward and two back as host Tom Lemmon returned only to find CLO reporter, Victoria Thiele awa...
Good job(s) all around
29 Feb 2024
Contributed by Lukas
As much the three hosts of Another Fine Mezz love talking about deals, this episode is dedicated to the people who make them happen. At the start of a...
Special Episode: SFA’s Michael Bright
26 Feb 2024
Contributed by Lukas
With SFVegas just hours away, Tom Lemmon sat down with Michael Bright, CEO of the Structured Finance Association (SFA) to hear how preparations for th...
Special Episode: Gibson Dunn's Madalyn Miller
19 Feb 2024
Contributed by Lukas
On Another Fine Mezz this week, European reporters George Smith and Victoria Thiele were given a little break while Tom Lemmon gears up for the SF Veg...