ABS Market Unmoved by UK Stop To FLS For Mortgage

The Bank of England has refocused the incentives of the Funding for Lending Scheme (FLS) towards business lending for next year to head off a potential housing bubble, but asset-backed securities bankers said it had removed only one factor contributing to a dearth of U.K. supply of residential mortgage-backed securities in 2013.

  • 03 Dec 2013
--Tom Porter

The Bank of England has refocused the incentives of the Funding for Lending Scheme (FLS) towards business lending for next year to head off a potential housing bubble, but asset-backed securities bankers said it had removed only one factor contributing to a dearth of U.K. supply of ...

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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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%