A&M's Structured Credit Execution and Advisory team was the sole arranger for Aareal Bank AG’s (Aareal) first synthetic significant risk transfer (SRT) securitization referencing a €2 billion commercial real estate (CRE) portfolio partnering with funded and unfunded investors.

On 17 June, the European Commission announced draft amendments to the Capital Requirements Regulation (CRR) and the Securitisation Regulation—marking a significant step toward revitalising the EU securitisation framework.

These proposed changes form part of the Commission’s broader efforts to refine the EU’s financial regulatory architecture, with the goal of fostering a more robust and liquid securitisation market that can better support economic recovery and growth.

We have advised on Inbank AS’s (“Inbank”) inaugural green supranational synthetic significant risk transfer (SRT) securitisation, valued at 635 million zł (150 million EUR), in collaboration with the European Investment Fund and the European Investment Bank Group. This transaction, backed by solar panel loans, is the first of its kind for an Estonian bank and sets a new benchmark in the ESG sector.

A&M were engaged to advise on the construction of a forward flow arrangement for Investec’s origination of fund finance loans in addition to an existing back-book.