244 This figure illustrates the number of deals that are issued between 2014 and 2021. Figure 6.3(a) illustrates the volume and number of deals over time in our dataset for deals with available information on the risk retention method. Figure 6.3(b) illustrates the number of deals over time sorted by risk retention method. ‘VES’ stands for vertical slice, ‘OBS’ for on-balance sheet, ‘FLT’ for first loss tranche, and ‘FLE’ for first loss exposure. Figure 6.3: Risk retention methods over time. Figure 6.3(a) Total issuance volumes (bln) and number of deals per year. Figure 6.3(b) Number of deals sorted by risk retention methods and year.
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