The credit risk transfer (CRT) market, once small and private, is now transitioning into the mainstream. After the international financial crisis, the CRT market developed primarily in Europe, with its nuances rooted in a carefully negotiated balance among regulators, banks, and investors. This session offers participants an overview of:
The market's history
Common structures and asset classes
Valuation perspectives from both banks and insurers, including the idiosyncrasies and challenges associated with public marks in a private market
Key topics:
Historical