UK banks squeeze out rush of risk transfer trades before year-end

Big ben United Kingdom parliament UK lawmakers Adobe stock
By Owen Sanderson
03 Jan 2019

UK banks printed a flurry of risk transfer securitizations just before the end of last year, hedging portfolios of corporate credit and commercial real estate totalling more than $8.5bn-equivalent.

UK banks are among the most frequent issuers of significant risk transfer deals — but also attract more public attention to what are usually private, bilateral deals, since the UK’s Prudential Regulatory Authority typically requires a rating to approve the risk transfer and therefore allow the bank to claim ...

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