US SRT issuance volumes should increase in 2H – Crescent Capital
EXCLUSIVE: The firm projects 2026 global SRT issuance to hit USD 45bn after the first half of 2026 logged a record USD 18bn of issuance activity, Penny Tan, a senior director focused on bank capital solutions, told Creditflux

Capital deployment is changing – Creditflux CLO Symposium
Investors are becoming more selective against an increasingly volatile macroeconomic background, said Evis Progonati, managing editor of Debtwire ABS, on day one of the Creditflux CLO Symposium

Some banks pull SRT deals amid Iran war uncertainty
Pulled deals likely to return once volatility subsides; investors expect wider spreads, higher-quality portfolios

Global SRT issuance hits record USD 41bn in 2025
Issuance volumes were up 40% on 2024; large banks accounted for 90% of total issuance, with CRE and infra SRT issuance more than doubling year-on-year

Securitisation market pushes back on key elements of Commission reform
European Parliament rapporteur moots industry-friendly changes to proposals; respondents bristle at definitions of ‘public’ securitisations

Commercial real estate SRTs on the rise as banks look for capital relief
Improved sector sentiment helps boost CRE SRT issuance

CLO investor Pearl Diver targets USD 1.5bn for SRT interval fund
The global structured credit manager will use the new institutional, open-ended vehicle to invest in first-loss or mezzanine tranches of significant risk transfer deals

Crescent hires MDs for significant risk transfer strategy
The private credit manager’s bank capital solutions strategy focuses on credit risk-sharing deals

Specialised SRT investors bag healthy allocations as 'tourist money' steps back
SRT investors are receiving larger allocations when bidding for deals and banks are building closer relationships with investors, while those that run other business lines such as CLOs may find it easier to win deals

Regional banks drive growth of SRT market as EU continues to dominate issuance
Regional banks that used the standardised approach are playing a bigger role in SRT market, while the number of insurers writing credit protection through SRT almost doubled from 2023 to 2024

BNP Paribas taps alts head for combined BNP, AXA IM group
Isabelle Scemama will oversee more than EUR 300bn in assets as the two groups merge

Proposals for European SRT labelled ‘relentlessly positive’ for small banks and insurers
Europe’s significant risk transfer market could be transformed under sweeping European Commission proposals that aim to rewire the continent’s strict securitisation framework

Santander Asset Management plans SRT fund launch
EXCLUSIVE: Santander Asset Management is planning to launch a fund that will invest in significant risk transfer (SRT) transactions, according to sources familiar

PAG raises USD 1.25bn for significant risk transfers
The Hong Kong-based alternative asset manager is expecting the SRT market to grow at a 30% to 40% rate annually over the next few years

SRTs aren’t exactly a new idea

Despite superficial similarities, CLOs and SRTs don’t have much in common

Atos provides a French lesson for SRT investors

Global SRT market set for record year, according to Chorus estimates
A new update from SRT specialist Chorus Capital forecasts that 2024 will be another record-breaking year for its market with the number running around 25% ahead from last year so far

SRT market grows to EUR 18.5bn of junior tranches in 2023
Banks executed 89 synthetic securitizations for SRT globally in 2023, according to the IACPM’s latest synthetic securitization survey

Secret structured credit product becomes talk of the town as US opens up
What was once an opaque corner of structured credit has been in the spotlight, as the booming SRT market draws attention from growing numbers of banks and investors.

In September, the Fed said financial institutions could transfer risk to SPVs
The Fed’s reading of Basel 3.1 could double capital requirements — so it’s just as well it is softening on risk transfers.

Cheyne returns to SRT market with eye-catching hire
Cheyne Capital has re-entered the significant/synthetic risk transfer (SRT) market, bringing on an industry veteran to act as portfolio manager

US regulatory capital deals are increasing — and not just for big banks
US regulatory capital deals are increasing — and not just for big banks

BayernLB reveals two investors behind breakthrough €1bn SRT
Bayerische Landesbank says it has produced its first simple, transparent and standardised (STS) transaction in the form of a €1 billion SRT

Infra specialist makes first SRT investment
An affiliate of Nuveen says it has invested in an SRT for the first time