… CSE and ensuring that they're transferring a significant amount of credit risk to the private market and really are then avoiding the risk that the taxpayers take on. Good. So The CRT or the credit risk transfer is very important at FSOC and the attendant agencies. the members we closely monitor, to make sure that there is no daisy chain effect, that the quality of the risk transfer is at least as high as the under as the entity from which it was bought. (00:54–01:22)
CLAIM
Asserts the importance of credit risk transfer (CRT) at FSOC and related agencies.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
