Capital markets lose out as BoE hoovers up UK mortgage funding

Rating agency DBRS outlined the sliding volumes of capital markets funding in the UK mortgage market on Thursday, estimating that Bank of England lending schemes have drawn over 30% of mortgage collateral away from public markets since the financial crisis.

  • By David Bell
  • 16 Mar 2017

Except for two transactions, bank originated RMBS deals have largely vanished from the UK securitization market since the Bank of England announced its Term Funding Scheme (TFS) in August last year.

The scheme offers borrowers four year funding at levels close to the Bank’s base rate of 25bp. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 75,310.44 219 13.28%
2 Bank of America Merrill Lynch 66,692.14 207 11.76%
3 Wells Fargo Securities 56,313.78 180 9.93%
4 JPMorgan 40,793.11 141 7.20%
5 Credit Suisse 32,293.17 98 5.70%