RaboResearch - Economic Research

Economic Report

Recession and CLOs

While CLOs performed well during the last crisis, and there is less dependence on short-term wholesale funding, the rise of loans with reduced investor protection and illiquidity are risk factors that could turn a run-of-the-mill recession into something worse.

Economic Comment

Brexit Update: Game over?

Theresa May has said she will resign on 7 June, after her last attempt to save the EU-UK deal failed to garner sufficient support last week. A tougher stance on Brexit and more political turmoil are likely to follow.

Economic Report

Brexit Update: Going nowhere fast

The UK held local elections in England and Northern Ireland on May, 2nd. The Conservatives and Labour took a drubbing in the polls. Meanwhile, Tory- Labour talks on the desired Brexit outcome are going nowhere fast.