Bank CEOs Vow to Step Up SRTs in Sign of Accelerating EU Market

Several big European banks said they will expand the use of significant risk transfers, sending a strong signal the asset class will continue to grow at a rapid clip.

Deutsche Bank AG’s designated chief financial officer, Raja Akram, and ING Groep NV Chief Executive Officer Steven van Rijswijk said on separate earnings events on Thursday that their firms will increase how much they use the deals, with Akram presenting a plan to expand them by a quarter over the next few years. SEB AB CFO Christoffer Malmer said he’s looking at SRTs.