US IG Wrap — Verizon adds to reverse Yankee surge, Danaher deal joins M&A pipeline

Join 9fin’s pre-six nations soirée: cocktails & credit

She knows structure: an all-women panel on SPVs and Chapter 11

H2 2025 US Leveraged Loans Covenant Trends: Devil’s in the details

US IG Wrap — Verizon adds to reverse Yankee surge, Danaher deal joins M&A pipeline

Excess Spread — Once upon a time, a tale of two systems

9fin | Excess Spread is our weekly newsletter, covering trends, deals and more in structured credit and asset-based finance.

How much is too much SRT?

Supervisors have been stepping up their scrutiny of the significant risk transfer market, and several have outlined views that the market could become a financial stability problem if banks start doing too much SRT. So how much is too much?