In this bulletin, we consider the current state of the EU, U.K. and U.S. markets for credit risk transfer (“CRT”) transactions, with a particular focus on the fund finance market.
For a more in-depth introduction to this...more
12/6/2024
/ Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Markets ,
Credit ,
Derivatives ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Financial Services Industry ,
Private Equity ,
Regulatory Agenda ,
Securitization ,
UK
In May 2022 we reported that where Term SOFR was being used widely in U.S. loans; its use in other markets was more limited. Six months on, how has the picture changed?...more
Term SOFR, the forward-looking term rate based on the Secured Overnight Financing Rate (SOFR), has become an established benchmark rate for new US Dollar lending in the US syndicated loan market....more
In the race to remediate, the moment has come for lenders to lighten up on corporate authorisations and legal opinions....more