BofA targets regional banks to expand risk transfer market

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The story "BofA targets regional banks to expand risk transfer market" was covered 1 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 1w ago

BofA targets regional banks to expand risk transfer market - Financial Times

Quick Summary:

Details of how BofA will structure the deals have yet to be finalised but people familiar with the plans said the bank would help with collateral selection and how to structure the transaction, then run a sales process and deal with the investors.

BofA’s move has the potential to dramatically increase the pool of banks that can issue SRTs as well as the investors able to buy them.

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.