Capital Relief Trades
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H1 EU and UK bank results point to sustained SRT issuance
Major European and UK banks reinforce commitment to SRTs as...
Europe's largest banks used their half-year 2026 earnings to reinforce the growing strategic importance of synthetic risk transfers (SRTs), with disclosures from Banco Santander, BNP Paribas, UniCredit and Banco Sabadell pointing to continued issuance, broader asset coverage and increasingly institutionalised capital management programmes. While the level of disclosure varied significantly between issuers, a common theme emerged: SRTs are no longer being presented .......
News Analysis 28 July 2026
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French lender targets data centre SRT amid AI infrastructure boom
SRT market update
SRT Market Update 27 July 2026
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SCI In Focus: The biggest myth in SRT? That there's no secondary market
Once largely invisible, the SRT secondary market is quietly...
Growing issuance, broader syndication and a wider range of underlying assets are laying the foundations for a more active SRT secondary market, although bilateral execution, limited transparency and the bespoke nature of transactions continue to prevent it from evolving into a fully established trading market.
As the significant risk transfer market matures, secondary trading is gradually moving from an .......
News Analysis 27 July 2026
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Canadians back in action
Algonquin and Mackenzie deals hit the tape
The approaching end of the Canadian fiscal year Q3 (July 31) has lured Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CIBC) back into the SRT market with new Algonquin and Mackenzie deals.
The .......
SRT Market Update 24 July 2026
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Africa's chance to rethink SRTs
Africa's nascent synthetic securitisation market offers a ch...
As regulators scrutinise the rapid expansion of the global SRT market, Africa's fledgling synthetic securitisation sector may have an opportunity to avoid some of the transparency challenges that have emerged elsewhere.
The Bank for International Settlements (BIS), in its March 2026 Quarterly Review, concluded that SRTs continue to support real-economy lending by transferring credit risk from banks to non-bank .......
News Analysis 23 July 2026
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Banks reshape the narrative in Q2 securitisation hires
Latest SCI Analytics Quarterly Job Swaps Report shows ABF do...
ABF continued its winning streak in 2Q2026, dominating 60% of all hires at mid-, senior- and C-suite-level, according to data captured in the latest SCI Analytics Quarterly Job Swaps Report.
The broader structured finance market has similarly continued to thrive as we reached the midpoint of the year. SCI captured 105 moves during 2Q2026, an 18% increase on .......
News Analysis 23 July 2026
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SCI in Focus: Regionals eye SRT and CRE relief
Block on synthetic risk mitigants holding back the US market
The inability to receive commercial real estate (CRE) concentration risk relief from SRT deals is the biggest single factor inhibiting growth of the risk transfer market in the US among sub-US$100bn banks, say those close to the sector.
Smaller banks .......
News Analysis 22 July 2026
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SCI In Conversation Podcast: Barend van Drooge, PGGM
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, we speak with Barend van Drooge, head of credit risk sharing at PGGM, as the firm celebrates 20 years in the risk sharing market. SCI's SRT Editor Selvaggia Cataldi explores how the SRT market has evolved over the past two decades, the factors driving increased competition among investors .......
News Analysis 22 July 2026
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Austrian lender turns to credit card SRT as unsecured lending expands
SRT market update
SRT Market Update 21 July 2026
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BoE backs SRT, warns on complexity
The Bank of England reaffirmed support for SRT while signall...
The Bank of England (BoE) has reaffirmed its support for SRT transactions as a tool for banks to manage credit risk and support lending, while signalling that regulators will subject increasingly complex structures to more intensive scrutiny as the market continues to expand.
In its July Financial Stability Report, the Financial Policy Committee (FPC) states that SRTs .......
News 20 July 2026
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Japanese lender executes Latin America and European SRTs
SRT market update
SRT Market Update 17 July 2026
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Digital bank completes second SRT with repeat investor
SRT market update
SRT Market Update 16 July 2026
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OSFI buffer cut strengthens Canadian SRT case
OSFI's buffer cut may reinforce Canada's SRT case as capital...
OSFI's decision to lower the Domestic Stability Buffer (DSB) is unlikely to weaken the case for significant risk transfer (SRT) transactions in Canada, with the release of capital potentially increasing the value of capital efficiency as banks deploy the additional headroom into growth.
The Canadian regulator lowered the DSB for the country's six domestic systemically important banks (D-SIBs) .......
News Analysis 16 July 2026
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On the horizon: Is the SRT secondary market approaching a turning point?
How a growing stock of seasoned SRT transactions could lay t...
The significant risk transfer market has grown rapidly over the past decade, but one feature has remained largely underdeveloped: a functioning secondary market.
That may be starting to change.
As issuance volumes grow and more SRT transactions become seasoned, secondary trading is beginning to pick up. Market participants are seeing more opportunities for investors to sell existing .......
News 15 July 2026
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Awards shortlist announced
Nominees for excellence in global SRT revealed
The shortlist of nominees for SCI's 2026 Risk Sharing Awards has been revealed, with the winners in all 15 categories to be announced at the awards gala dinner on 7 October. A committee of industry practitioners compiled the shortlist and will select the winners.
The judges, all of who signed confidentiality agreements and are recused from any .......
News 14 July 2026
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SRT and concentration risk
Comments plead for revision of 2006 rule to give market boost
Several Basel Three Endgame (B3E) comment letters, submitted last month, urge regulators to revise the 2006 rules on commercial real estate (CRE) concentration, which would give a significant fillip to the US risk transfer market.
While the Federal Reserve, the .......
News Analysis 14 July 2026
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Mexico debut marks first non-euro SRT for banking group
SRT market update
SRT Market Update 14 July 2026
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US risk transfer: B3E and beyond - video
Guy Carpenter's Shemi talks to SCI about B3E impacts on US r...
....... News Analysis 14 July 2026
SCI In Focus: Second trilogue puts UFCP to the test
Second trilogue shifts securitisation negotiations from posi...
The second political trilogue on the EU's securitisation reform package has shifted negotiations from procedural positioning to substantive bargaining, with lawmakers beginning to explore concrete compromises while exposing what market participants increasingly view as the central question of the reform: how to make unfunded credit protection (UFCP) work in practice.
Documents seen by SCI show that representatives of .......
News Analysis 14 July 2026