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ARTICLE · 17 JANUARY 2025

2024 Trends In SRT Transactions

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Significant risk transfer transactions or SRTs are one of the fastest growing corners of the financial markets. In this update, senior associate Robyn Llewellyn in collaboration with partners Ed Parker and Neil Hamilton.

SingaporeFinance and Banking
Robyn Llewellyn
Robyn Llewellyn
Ed Parker
Ed Parker
Neil Hamilton
Neil Hamilton
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Significant risk transfer transactions or SRTs1 are one of the fastest growing corners of the financial markets. In this update, senior associate Robyn Llewellyn in collaboration with partners Ed Parker and Neil Hamilton, consider some important trends and developments in the SRT market in 2024 - including the opening of the US market, increasing international regulatory scrutiny and updates to the UK capital framework.

SRTs involve transferring credit risk on a reference pool of assets to investors, in return for the payment of regular interest/fees for such protection. SRTs are primarily used by banks (or "protection buyer") for capital optimisation (improving return on capital or freeing up capital for new lending), but can also be used to manage credit risk, reduce risk concentrations or reduce NPE ratios. Investors (or "protection seller") in SRTs are typically insurers, pension funds or specialist credit investors.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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