Term Sheet: BNP Paribas plans an SRT, a UK retail CMBS gets underway, MERA eyes preferred equity deals

BNP Paribas is the latest European bank to explore a synthetic risk transfer transaction; a fresh securitisation of London’s Westfield Stratford City shopping centre is set to boost CMBS volumes; MERA Investment Management gets backing for a preferred equity strategy; and more in today’s briefing, exclusively for our valued subscribers.