July 5, 2023 (NO COMMENTS)
For the largest US banks, issuing credit-linked notes (CLNs) on their loan portfolios has become rather too nail-biting of late. But that could be about to change. In banking circles, hopes are rising that the US implementation of the final Basel III rules could pave the way for more credit risk transfer (CRT) deals to hit the market later this year. “There is some optimism that [the Basel III package] is actually going to help out with some of these interpretive issues we’ve had,” says Gareth