Capital Relief Trades
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SCI In Focus: Building teams for a new era
Talent strategy a competitive differentiator in an evolving securitisation market
The saying goes that there’s no ‘I’ in team, but there is in the core values for teams in today’s structured finance market: interdisciplinarity, international coverage and innovation. Firms across the ecosystem, from rating agencies to law practices, are rethinking how their teams need to be built and what expertise the market now demands.
The classic .......
News Analysis 24 October 2025
SCI Risk Sharing Awards: European Arranger of the Year
Winner: Alantra
Alantra demonstrated outstanding breadth and depth across the European SRT market during the awards qualifying period, assisting a number of regional and domestic banks on landmark transactions and driving consistency between jurisdictions. For its independent, conflict-free advice, regulatory fluency and proven client impact, Alantra is recognised as SCI’s European Arranger of the Year in the 2025 Risk Sharing .......
News 24 October 2025
SCI Risk Sharing Awards: North American Issuer of the Year
Winner: Citi
Citi’s Terra Significant Risk Transfer (SRT) programme stands out as one of the most active, robust and efficiently executed in the market. Due to the bank’s consistent presence in the global risk sharing market and as one of the most well-known issuers in the North American market, Citi is North American Issuer of the Year in SCI’s 2025 .......
News 23 October 2025
SRT sceptics
Market participants refute perception of magical thinking
Talking Point 23 October 2025
SCI Risk Sharing Awards: European Issuer of the Year
Winner: Intesa Sanpaolo
Intesa Sanpaolo achieved a high SRT transaction volume, both by deal count (seven) and notional value (€12bn), across diverse asset classes and formats during the awards period. For the bank’s impressive expansion into leveraged/acquisition finance and commercial real estate SRTs - in conjunction with enhanced distribution outreach efforts - Intesa Sanpaolo is European Issuer of the Year in SCI’s .......
News 23 October 2025
SCI Risk Sharing Awards: (Re)insurer of the Year
Winner: AXIS
AXIS participated in a wide range of transactions during the awards period, demonstrating broad asset class expertise. For this and its flexibility in providing both senior mezzanine unfunded coverage and low attachment points on granular portfolios, it is (Re)insurer of the Year in SCI’s 2025 Risk Sharing Awards.
AXIS offers a unique value proposition by leveraging .......
News 22 October 2025
Polish lender closes SRT backed by green infrastructure
SRT market update
SRT Market Update 22 October 2025
SCI Risk Sharing Awards: Investor of the Year
Winner: Chorus Capital
The only major independent SRT-focused asset manager, Chorus Capital raised US$2.5bn of capital commitments during the awards period via the Chorus Capital Credit Fund V, the largest dedicated fund in the market. Having invested over US$1bn in 1H25, cementing the firm in the ranks of the largest investors in the risk-sharing market, it is SCI’s pick for Investor of .......
News 22 October 2025
De-stressing stress tests
Fed could recognize CRT deals in US bank stress tests
This Friday, October 24, the Federal Reserve could announce at an open board meeting that future bank stress tests will include recognition for risk sharing transactions, say sources, – giving the US market a significant boost.
News 21 October 2025
SCI Risk Sharing Awards: Innovation of the Year
Winner: Derivative Credit Risk Transfer Solution
BNP Paribas and Howden’s Derivative Credit Risk Transfer Solution represents a pioneering step in untranched synthetic risk transfer for derivative exposures, expanding the scope of synthetics to a previously untapped asset class. For blending single-name credit insurance with synthetic securitisation technology and expanding the ways in which the insurance market can assist in bank capital optimisation, the transaction is .......
News 21 October 2025
SCI Risk Sharing Awards: ESG Deal of the Year
Winner: Scaling4Impact
Scaling4Impact stands out for its multiple ‘firsts’ and its broad-reaching impact. For making a real-world difference across Latin American and emerging market countries, the transaction is SCI’s pick for ESG Deal of the Year in the 2025 Risk Sharing Awards.
In September 2024, Newmarket Capital completed the US$1bn Scaling4Impact (S4I), its second significant risk transfer (SRT) .......
News 21 October 2025
SCI Risk Sharing Awards: European Transaction of the Year
Winner: ARTS Leasing 2024
The €2.5bn ARTS Leasing 2024 deal represents the largest fully unfunded SRT ever placed with (re)insurers and the first to reference corporate/SME real estate leasing exposures. For demonstrating how the insurance market can be tapped by issuers to cover more complex risk in size, the trade is SCI’s European Transaction of the Year in the 2025 .......
News 20 October 2025
SCI Risk Sharing Awards: North American Transaction of the Year
Winner: EJF CRT 2025-1
EJF CRT 2025-1 established a precedent for smaller financial institutions aiming to adopt synthetic securitisations to manage and mitigate their exposures. For illustrating that complex risk management strategies can be tailored to support the growth and stability of smaller US banks and lenders, the transaction is SCI’s pick for North American Transaction of the Year in the 2025 .......
News 20 October 2025
Job swaps weekly: White & Case names new partners for 2026
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees White & Case has announced a swathe of promotions to partner across multiple regions. Elsewhere, Raymond James has acquired a majority stake in a boutique investment bank, while Värde Partners has made two senior hires on its asset-based finance team.
White & Case has promoted 45 lawyers to its partnership, .......
Market Moves 17 October 2025
European SRT momentum: French lender completes deal
SRT market update
SRT Market Update 16 October 2025
World Risk Sharing Summit review
SCI innovates by giving a platform to active LPs in the SRT market
News 16 October 2025
Targeted amendments to EU securitisation capital rules
Risk Control paper introduces technical fixes to the European Commission's June 2025 proposals.
News 13 October 2025