Core Viewpoint - ING Group has completed two significant risk transfer transactions related to €10.5 billion ($12.1 billion) in corporate loans, enhancing its capital buffer [1] Group 1: Financial Impact - The SRT transactions are expected to increase ING's CET1 ratio by 0.14 percentage points [1] - ING raised its CET1 ratio target to 13%, reducing the funds available for investor returns as the gap between the target and actual level (13.4% at the end of Q3) narrows [1] Group 2: Strategic Initiatives - The announced SRT transactions are the first of their kind within ING's wholesale banking division, aiming to reduce risk-weighted assets by €3.4 billion [1] - ING plans to expand the strategic use of SRTs to retail banking and more wholesale banking portfolios in the coming years [1] Group 3: SRT Mechanism - SRT is a tool that allows banks to sell credit-linked notes to pension funds, sovereign wealth funds, and hedge funds, providing default insurance for loans and freeing up resources originally required to meet regulatory demands [1] - Several European banks have been utilizing this risk management tool to release capital [1]

智通财经APP获悉，据知情人士透露，瑞银(UBS.US)正在与投资者接洽，拟推进一项潜在的重大风险转 移交易(Significant Risk Transfer，简称SRT)，以探索缓解瑞士政府拟议中更高资本要求所带来的影响。 知情人士称，瑞银正在考虑一项与20亿瑞士法郎(约合25亿美元)贷款挂钩的SRT交易。据他们透露，这 项SRT的规模可能约占参考贷款组合的3%。 由于该交易仍处于早期阶段，具体条款和规模可能发生变化。知情人士还表示，该交易可能通过"J- Elvetia"这一载体发行——这是一家原由瑞士信贷在被瑞银收购前用于发行SRT票据的实体。作为整合 过程的一部分，瑞银还继承了一系列法律问题，包括一起与抵押贷款相关的案件，该案已于本周一宣布 以3亿美元达成和解。 据悉，通过SRT交易，银行可在保留资产的前提下，通过购买债务保险来释放资本金。这类交易通常向 投资基金出售票据，投资者可获得超过10%的收益率，同时承诺在贷款违约时承担部分损失。 瑞士政府近期提出一系列银行业改革，可能使瑞银面临高达260亿美元的额外资本需求。这些改革旨在 防止再次发生类似瑞信倒闭的金融危机。若改革落地，瑞银将面临更大限制，难 ...