July 5, 2023 (NO COMMENTS)

The final version of European Union rules governing bank capital requirements, agreed last week, may have salvaged the significant risk transfer market, but it will still leave an unlevel playing field where less sophisticated banks are likely to lose out, say participants. “The way it was initially drafted was a real blow for the SRT market, it would have made most transactions completely uneconomical,” says Olivier Renault, portfolio manager and head of risk sharing strategy at Pemberton