Credit Risk Transfers
Does anyone know if the legislation/regulations have been passed on CRTs/SRT do they have to follow the Basel III endgame? I know they are more popular in the EU, but they are becoming more popular aside from Freddie Mac and Fannie Mae options. I think MS, JPM, and GS all had some decent issue sizes to offload risk to meet capital requirements. They just had the commentary period end in January so wondering if there have been any official announcements. Also are these SRT's offered publicly or is it privately placed as it seems mainly HF, PW investors are backing and buying them.