Reed Urges Regulators to Scrutinize Synthetic Risk Transfers
November 30, 2023
November 30, 2023
WASHINGTON, Nov. 30 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
WASHINGTON, DC - In an effort to strengthen the U.S. banking sector, protect the U.S. economy and investors, and hold banks accountable, U.S. Senator Jack Reed (D-RI) is urging top federal regulators to scrutinize the risks associated with 'synthetic risk transfers' - exotic transactions that allow banks to reduce their capital requirements by offloading risks to the opaque private market.
WASHINGTON, DC - In an effort to strengthen the U.S. banking sector, protect the U.S. economy and investors, and hold banks accountable, U.S. Senator Jack Reed (D-RI) is urging top federal regulators to scrutinize the risks associated with 'synthetic risk transfers' - exotic transactions that allow banks to reduce their capital requirements by offloading risks to the opaque private market.