Banks Offload $1 Trillion Loan Risk to SRT Investors, IACPM Says

Banks had offloaded credit risk tied to more than €905 billion ($1 trillion) in loans as of the end of last year, up 26% from a year earlier, via the rapidly-growing market for significant risk transfers.

Lenders, mostly in Europe and North America, issued €30 billion in new SRT deals linked to €378 billion in underlying loans in 2025, according to a survey by the International Association of Credit Portfolio Managers. The asset class has expanded quickly over the past few years, helped by surging appetite from buyers including large asset managers and insurance firms.

SRTs allow banks to ...