Bank-Fund Partnerships and the Credit Landscape

Elisa Corsi opens by describing the structural shifts under way in European banking: the combined impact of Basel 3.1 reforms, rising capital requirements and the growth of private credit. She explains how banks are increasingly partnering with funds via loan sales, co-investments and synthetic securitisations in order to maintain borrower relationships, generate fee income and manage balance-sheet risk.

In the second part of the interview, Corsi focuses on the implications for treasury and ALM teams: changing liquidity profiles, new market-risk dynamics and the need for integrated asset-liability frameworks that reflect these emerging partnerships. She emphasises that conventional ALM approaches must evolve to embed scenario-planning, cross-business coordination and robust stress testing of credit transfer structures.