Synthetic auto securitization volume nears 2021 peak
Auto credit linked note issuance totals $1.4B YTD
Auto lenders are increasingly using synthetic risk transfer securitizations to offload part of the portfolio’s credit risk to third-party investors as banks face stricter capital relief requirements from the Federal Reserve. Stipulations under the Fed’s Basel 3 Endgame proposal for capital requirements are scheduled to take effect July 1, 2025. The rules would require […]
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