Key facts
- Santander accounted for 90% of disclosed mortgage SRTs by European G-Sibs in Q2.
Santander accounted for 90% of the disclosed synthetic risk transfer (SRT) volume in residential mortgages among European global systemically important banks (G-Sibs) in the second quarter. The Spanish bank increased its retained exposure by €4.3 billion in the first half of 2026.
Santander's substantial increase in retained mortgage SRTs indicates a strategy to transfer credit risk from its balance sheet, potentially freeing up regulatory capital and improving its risk profile. This move highlights a significant trend in European banking for managing mortgage-related credit exposures.
Santander significantly dominated the market for synthetic risk transfer (SRT) in residential mortgages among major European banks in the first half of 2026. The Spanish lender was responsible for 90% of the disclosed SRT volume from the nine European global systemically important banks (G-Sibs) that reported data in the second quarter. This strategic move saw Santander increase its retained exposure to these mortgage-backed assets by €4.3 billion ($4.9 billion) during the first six months of the year. Consequently, the bank's total retained exposure to residential mortgage SRTs reached €17.2 billion ($19.6 billion) by the end of the first half of 2026.
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