Rising market liquidity and higher probability‑of‑default (PD) levels are unlocking new opportunities in the secondary market for Significant Risk Transfer (SRT) instruments. Early stress signals in loan portfolios have prompted investors to shift capital toward buying and selling existing SRT tranches. The secondary market is experiencing tighter spreads, greater pricing transparency, and increased activity following recent SRTx fixings. Regulators are also intensifying scrutiny as the sector gains mainstream traction.
UMB Bank has closed a $400 million BSL CLO warehouse, marking a strategic shift from its private‑credit‑focused administration business to a broader structured‑finance service model. The transaction gives UMB a foothold in CLO warehousing, a segment experiencing rapid growth as institutional...
Funding Circle and Waterfall have finalized a £700 million forward‑flow agreement to sell a steady stream of SME loan assets. The partnership gives Funding Circle immediate liquidity to expand its lending platform, while Waterfall secures a sizable exposure to the UK...