Commercial banking

As an investment, cat bonds have drawn attention in recent years after far exceeding returns on other high-risk fixed-income markets.

To keep note repayment on track, credit enhancement comes from subordination, and senior notes benefit from a principal lockout period on the subordinate classes.

Underwriting league tables of asset-backed securities through February 13, 2025

Issuance volume of asset-backed securities for the year through February 13, 2025

Arun Kumar is chief technology officer at Socure, a digital identity verification and identity fraud prevention company.

Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next vice chair for supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the Fed's regulatory policy review.