Capital Relief Trades
-
IFC teams up with six institutions on historic trade finance SRT
First MDB trade to utilise three-tiered capital structure
SRT Market Update 13 May 2026
-
SRT fast track gaining traction
Call for banks to contribute to 'simplification agenda'
Only two SRT transactions were submitted to the ECB via its new ‘fast track’ procedure during the first four months of 2026, the central bank has revealed in its latest supervisory newsletter. The ECB says it completed its assessment of both transactions in just eight working days, whereas the previous process typically took several months.
The ECB launched .......
News 13 May 2026
-
Commerzbank eyes new asset classes for SRT programme
German lender's new 'Momentum' strategy targets revealed
Commerzbank is gearing up to use SRTs beyond traditional corporate loan portfolios, as the lender looks to reach long-term profitability targets outlined in its newly updated ‘Momentum’ strategy.
In a strategic update published earlier this month, the lender said it plans to “increase capital efficiency by extending SRT to further client portfolios and asset classes”, marking one of .......
News 13 May 2026
-
SRT: First quarter data shows a more strategic phase
SRT Quarterly Report points to increasing institutionalisati...
The global SRT market entered 2026 with strong momentum, but the defining feature of the first quarter was not simply issuance volume. Instead, data compiled in the latest SCI Analytics Quarterly SRT Report reveals how the market is evolving structurally, suggesting that the instrument is increasingly becoming institutionalised and embedded within banks’ long-term balance sheet management strategies.
The .......
News Analysis 13 May 2026
-
Iberian SRT market 'no longer niche'
Access to granular historical data remains critical
Iberian industry participants at SCI’s SRT Roadshow in Madrid last week agreed that risk transfer is “by no means a niche asset class anymore”, as a wider range of issuers and investors enter the market. Discussions during the event highlighted how preparation, execution and market longevity for programmatic issuers remains a delicate balance between regulation, data quality and investor .......
News 12 May 2026
-
Latest SRTx fixings released
SME demand drives SRT spread recovery despite macro volatility
The latest SRTx fixings for April 2026 point to a market that is slowly bouncing back after the volatility seen earlier in the year, with investors continuing to rotate capital across corporate and SME risk.
Corporate spreads widened modestly on both sides of the Atlantic, with SRTx CORP EU rising 2.1% to 779bps and SRTx CORP US increasing 1.5% to 689bps. Market participants say the move reflects the .......
News 12 May 2026
-
SCI In Focus: Morocco quietly emerges as Africa's synthetic securitisation pioneer
Morocco is gradually building one of Africa's most advanced...
Morocco is emerging as one of the few jurisdictions in Africa actively developing a synthetic securitisation market, with a small but growing pipeline of privately placed transactions signalling the gradual expansion of domestic risk-transfer capabilities.
While the market remains nascent, participants note that Morocco has moved further than most African jurisdictions in translating synthetic securitisation from a legal concept .......
News Analysis 11 May 2026
-
Job swaps weekly: Lazard to acquire Campbell Lutyens
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Lazard striking a deal to acquire private markets advisor Campbell Lutyens, with each entity contributing a co-ceo to the resulting and newly renamed subsidiary, Lazard CL. Elsewhere, Gemcorp Capital has hired an Oaktree exec with expertise in real estate, infrastructure and asset-backed finance to accelerate its expansion into private credit, while .......
Market Moves 8 May 2026
-
Germany's SRT market: A tale of two speeds
Currently, Germany's SRT market is diverging between program...
German SRT markets have often been described as gradual rather than fast-moving. Banks have been slower to embrace risk transfer than peers in the UK, France or Italy – the likely byproduct of strong capitalisation and conservative institutional culture.
However, as SRTs become an even more crucial part of banks’ toolkit, some market players believe there is room for change. In recent years, .......
News Analysis 7 May 2026
-
European MDB launches inaugural SRT with seasoned investor partner, targeting new asset class
SRT market update
SRT Market Update 7 May 2026
-
SCI In Focus: ECON backs securitisation revamp, but market warns of 'Pyrrhic victory'
Concerns grow as ECON securitisation reform advances, with q...
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has set out its position on the review of the EU Securitisation Regulation (SECR), advancing a reform long seen as critical to unlocking bank lending capacity across the bloc.
The vote – passed with 33 in favour, 25 against and one abstention – marks a key step toward .......
News Analysis 7 May 2026
-
Nordic SRT growth capped by structural constraints
SCI's European SRT Roadshow in Oslo made clear the Nordic SRT market is maturing, but contained
At SCI’s inaugural European SRT Roadshow event in Oslo last week, the message was consistent across panels: the Nordic SRT market is no longer nascent, but remains structurally constrained. Growth is happening quietly but decisively, yet scaling will depend less on investor demand and more on regulatory clarity, portfolio construction and issuer readiness.
Investor appetite is strong, capital .......
News Analysis 6 May 2026
-
From safety valve to engine room
Monthly roundup of SRT market activity
The global SRT market is entering a more mature, strategic phase, according to all the pointers. Developments over April show fewer isolated trades and more of a structural shift in how banks manage capital, risk and growth. At the centre of that shift is a simple reality: SRT is no longer a niche optimisation tool. It is becoming .......
News Analysis 1 May 2026
-
Job swaps weekly: GB Bank ceo steps down, while Reckoner launches superyacht construction strategy
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees GB Bank ceo Mike Says step down after five years, Citi hire a new chief operating officer, and Reckoner Capital Management hire a five-person London-based team to lead a new superyacht construction finance strategy.
BlackRock has appointed Britni Ihle as an md, following four years at Citi in various trading .......
News Analysis 1 May 2026
-
-
Santander retains Pillar 3 pole position
Survey of securitisation disclosures shows BNP Paribas closing in
Santander retains its dominance as a leading synthetic securitisation issuer, according to an SCI Analytics survey of European bank Pillar 3 Disclosure Reports for 2025 – although BNP Paribas is now close behind, having increased its SRT exposures by almost a third year-on-year, while retaining its role as the leading securitisation issuer across cash and synthetic formats combined. The .......
News Analysis 27 April 2026
-
-
SCI In Focus: EU securitisation reform caught in political crossfire
Political infighting, drafting missteps and insurer tensions...
EU securitisation reform has become an increasingly contentious political debate marked by changing compromise proposals, technical disagreements and growing tension between member states, parliamentarians and market participants, according to SCI sources familiar with the discussions.
One senior industry figure, speaking on condition of anonymity due to the sensitivity of the matter, says the negotiations have increasingly resembled a .......
News Analysis 24 April 2026
-
Job swaps weekly: SMBC and Mount Street hires, while departures hit UBS and CQS
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees SMBC hire a new head of lender finance in EMEA, while Mount Street Group and Benefit Street Partners make senior appointments amid a wave of promotions and notable departures across the market.
SMBC has hired Adrian Luput as its new head of lender finance in EMEA, based in London. Luput brings more than 20 .......
Market Moves 24 April 2026
-
ABF leads the way in Q1 securitisation hires
Inaugural SCI Analytics Quarterly Job Swaps Report reveals a...
Asset-backed finance roles accounted for almost half of Q1's securitisation hires at mid-, senior- and C-suite-level, according to data captured in the inaugural SCI Analytics Quarterly Job Swaps Report.
Recruitment in the structured credit market as a whole has started the year at a striking pace, with January and February hitting sharp figures, the busiest months in two .......
News Analysis 24 April 2026
-