Bank of America is drawing up plans to structure risk transfer deals for smaller lenders, a move that could turbocharge the nascent market at a time of heightened scrutiny. So-called synthetic risk transfers — or SRTs — have quickly become one of the fastest-growing corners of financial markets for banks and private capital investors.
But the increased issuance and interest from investors has raised concerns that the market is developing too rapidly and less sophisticated buyers could end up owning exposure to riskier assets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Secret Commissions Trigger Potential Market Meltdown for UK Car LendersThe motor finance industry is in turmoil following a court ruling on secret commissions, with major lenders facing potential billions in compensation and a possible FCA redress scheme.
Source: OilandEnergy - 🏆 34. / 68 Read more »
Car finance market in chaos after shock court ruling: Lenders pause vehicle loans following Court of...It comes after three complainants won their Court of Appeal battle, saying they were mis-sold motor finance.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Car finance market in chaos after shock court ruling: Lenders pause vehicle loans following Court of...It comes after three complainants won their Court of Appeal battle, saying they were mis-sold motor finance.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Money blog: Sub-4% mortgages disappear from market as big lenders move together to raise ratesIn unwelcome moves for borrowers, one high street lender after another has hiked their fixed mortgage rates this week. Read this and the rest of today's consumer and personal finance news below - and tell us what you think in the box below.
Source: SkyNews - 🏆 35. / 67 Read more »