United Kingdom, May 7 -- The European Bank for Reconstruction and Development (EBRD) has successfully launched its inaugural significant risk transfer (SRT), marking a major milestone in the Bank's efforts to mobilise private capital and scale up lending in emerging markets.The €1 billion transaction, structured as a synthetic securitisation and branded by the EBRD as "Mosaic", transfers credit risk on a diversified reference portfolio of EBRD assets while keeping the underlying loans on the Bank's balance sheet.By sharing risk with private investors and insurers, the transaction mobilises private capital into countries and projects that private capital may not otherwise have been able to access. It also enhances the EBRD's capital ef...