JPM eyes new risk transfer after OCC rebuke

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By Sam Kerr
07 Mar 2017

JP Morgan has not given up on issuing a risk transfer RMBS deal that achieves balance sheet relief, despite its first attempts being shot down by the US Office of the Currency Comptroller (OCC) last month.

Sources speaking with GlobalCapital during and after last week’s SFIG Vegas event said that JP Morgan has been in discussions with the OCC on how it can issue a deal that complies with the Federal Deposit Insurance Corporation’s safe harbour rules and achieve a “true sale” in the ...

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