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WSJ What’s News

Big Banks Find New Way to Unload Risk: Synthetic Risk Transfers

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 7 November 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 7. Amid tightening regulations and higher interest rates, U.S. banks have found a new way to unload risk. Reporter Matt Wirz explains. And top Israel officials said they intend to retain security control of Gaza for an indefinite period, after the war with Hamas. Plus, Katie Deighton explains how big online deals are turning into teeny tiny boxes. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Cracken.

0:03.0

Crippo is like the financial system, but different.

0:06.0

He doesn't care where you come from,

0:08.0

what you look like, your credit score,

0:10.0

or your outrageous food delivery habits.

0:13.0

crypto is finance for everyone, everywhere, all the time.

0:17.0

Visit Krakon.com slash see what crypto can be.

0:21.0

To learn more, don't invest in as you're prepared to lose all the money

0:24.9

you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Israel plans to have a security role in Gaza after its war with Hamas.

0:39.0

And under tighter regulations, U.S. banks have found a new way to unload risk.

0:44.2

The jury is still out and there is some concern that it just increases the amount of complexity

0:50.3

in the financial system and that can lead to unintended consequences.

0:55.0

Plus, why your big deal online order may be so teeny tiny.

0:59.0

It's Tuesday, November 7th.

1:01.0

I'm Anne Marie Fertoli for the Wall Street Journal. This is the PM edition

1:04.8

of What's News, the top headlines, and business stories that moved the world today. Top Israeli officials said they intend to retain security control of Gaza for an indefinite

1:21.2

period after Israel finishes its war with Hamas.

1:24.6

They say that's to prevent new militant groups from forming and that they have little interest

1:28.5

in administering Gaza the way the U.S. sought to govern Iraq two decades ago. Israeli foreign minister Eli Cohen said in an

1:35.3

interview that Israel has no desire to impose a civilian administration on Gaza, but

1:40.4

noted that Israel may keep soldiers in Gaza if deemed necessary.

1:44.0

Earlier Israeli Prime Minister Benjamin Netanyahu had expressed the same sentiment

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