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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%