Capital Relief Trades
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SCI In Focus: EU securitisation talks close in on endgame
EU securitisation talks narrow key differences, but supervis...
EU policymakers have narrowed several differences in negotiations over the bloc's securitisation framework, with prudential calibration, the sole-purpose test and significant risk transfer provisions moving closer to finalisation at technical level.
Documents obtained by SCI provide a detailed account of the positions taken by the European Parliament, Council and European Commission during the latest round of negotiations. The third .......
News Analysis 2 October 2026
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Job swaps weekly: Pemberton taps Investcorp's Courtman to lead CLOs
People move and key promotions in securitisation
This week’s roundup of structured credit job swaps sees Pemberton Asset Management appoint Dominic Courtman as head of its CLO group as the manager continues to grow its platform. Elsewhere, BlackRock TCP Capital has appointed Dan Worrell as coo across three private credit vehicles, while New York Life Investment Management has agreed to acquire a majority stake in residential .......
Market Moves 2 October 2026
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Development bank-backed SRT unlocks fresh capital for Polish MSMEs
SRT market update
SRT Market Update 1 October 2026
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Polish bank turns loan risk into lending capacity
SRT market update
SRT Market Update 1 October 2026
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SRT goes bigger, broader and riskier
Monthly roundup of SRT market activity
September showed just how far the SRT market has moved beyond its traditional core of European bank capital relief trades.
Across the month, SCI coverage highlighted growing institutional allocations, repeat issuance programmes, new jurisdictions and asset classes, alongside a deeper debate over credit performance, regulatory capital and how far the SRT model can be applied beyond conventional bank .......
News Analysis 30 September 2026
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SCI In Focus: SRTs await a true test of credit performance
SRT portfolios remain resilient, but tighter pricing and thi...
The SRT market has so far proved remarkably resilient through a period of rising rates, economic uncertainty and pockets of deterioration across credit markets. But that resilience may not yet tell the whole story.
Much of the market's growth has taken place during a relatively benign period for credit, while the structural characteristics of SRTs have also helped shield older transactions from .......
News Analysis 29 September 2026
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On the Horizon: What is at stake in the third EU securitisation trilogue?
European policymakers return to the negotiating table today,...
The EU’s securitisation reform enters another decisive stage today as the European Parliament, Council and European Commission return to the negotiating table for the third political trilogue.
After two rounds of discussions, the focus is increasingly shifting from broad political positions towards the compromises that will determine how the new framework works in practice.
But with some .......
News 29 September 2026
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SCI In Focus: AI rewires the machinery behind SRT
AI is reshaping SRT, from monitoring and regulation to GPUs,...
Artificial intelligence is beginning to move beyond generic back-office automation in securitisation, with technology providers and financial institutions exploring whether it can be used to analyse transaction documentation, monitor portfolios and validate the ongoing performance of significant risk transfer transactions.
The potential attraction for SRTs is partly operational. Transactions can involve complex documentation, large datasets, portfolio replenishments and continuing .......
News Analysis 28 September 2026
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Hybrid protection structure underpins latest corporate SRT
SRT market update
SRT Market Update 28 September 2026
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SCI In Conversation Podcast: Edmund Parker, Mayer Brown (part 1)
We discuss the hottest topics in securitisation today...
In this episode of SCI In Conversation, SRT editor Selvaggia Cataldi speaks to Edmund Parker, partner and global head of derivatives & structured products at Mayer Brown, about how the significant risk transfer market has evolved over the past decade and how SRT has become an established capital management tool for banks.
The conversation examines the key regulatory .......
News Analysis 25 September 2026
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Whitecroft taps Alpha Strategy Partners for SRT push
SRT-focused investment firm Whitecroft Capital Management ha...
Whitecroft Capital Management has partnered with Alpha Strategy Partners, according to Alpha Strategy Partners’ EMEA business development leader James Young.
Whitecroft focuses on bank risk sharing, also known as SRT, with a strategy targeting predominantly investment-grade corporate loans and trade finance originated by major global banks.
The investment manager’s team has more than 20 years of .......
News 25 September 2026
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UK-backed lender brings institutional capital into agricultural risk transfer
SRT market update
SRT Market Update 24 September 2026
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Guarantor rules, CRE concentration top US CRT wish list
US CRT market seeks clarity on eligible guarantors and tools...
Greater clarity around eligible guarantors and better tools to manage CRE concentration are among regulatory changes that could support further growth of the US CRT market, industry participants said at SCI’s Americas Reg Cap Forum.
Requirements for non-bank protection providers, including insurance companies, to qualify as eligible guarantors have hindered their participation in the unfunded CRT market.
News 24 September 2026
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Aegon fund taps insurance boom in credit risk transfer
Aegon Asset Management has launched a fund giving European i...
Aegon Asset Management has launched a new fund giving institutional investors access to insurance-wrapped credit, bringing the asset manager’s long-standing credit insurance expertise into a market increasingly familiar with insurers as providers of bank credit risk protection.
The Luxembourg-domiciled Aegon Insured Credit Fund is a Reserved Alternative Investment Fund targeting globally sourced credit investments that are fully insured .......
News 23 September 2026
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IFC takes SRT playbook into payment settlement risk
IFC applies risk-transfer know-how to new area in US$700m facility with Mastercard and Visa
IFC has applied its SRT risk-transfer know-how to payment settlement risk through a new US$700m facility with Mastercard and Visa, SCI has learned.
The initiative, comprising a US$500m Mastercard facility and a US$200m Visa facility, are not conventional SRTs. Instead, IFC is using the experience and know-how it has developed through its SRT and wider risk-sharing .......
News Analysis 23 September 2026
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French lessor executes first Italian leasing SRT
SRT market update
SRT Market Update 23 September 2026
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Spanish lender offers new sub-prime auto CLN
Veteran prime auto issuer Santander tries out sub-prime waters
Santander is in the market with a US$694.49m sub-prime auto loan 144a CLN, via bookrunners BNP Paribas and Santander US Capital Markets.
Though a regular issuer of prime auto-linked CLNs, this deal marks Santander’s debut in the sub-prime space. It was last seen in the auto-linked market in June.
The new deal, designated SDART Auto Credit-Linked .......
SRT Market Update 22 September 2026
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Data-centre SRT pipeline builds as German lender targets project finance
SRT market update
SRT Market Update 22 September 2026