Why the Basel III rollback won’t halt US risk transfer deals
New structures could free up reserves as well as regulatory capital, says lawyer who helped launch market
New risk-sharing structures from the biggest banks, and greater issuance from regionals, will drive continued activity in the US credit risk transfer market, despite rule changes that some say could end the market’s rapid growth. That’s according to Matthew Bisanz, the Mayer Brown lawyer who has played a central role in the development of the sector so far.
Sceptics have warned that a light Basel III implementation could reduce the need for large banks to issue CRTs for capital relief, ending the
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