Specialist lenders struggle with STS guidelines

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By Tom Brown
27 Jun 2019

Non-bank lenders achieving the ‘simple, transparent and standardised’ (STS) designation on their securitizations since the regulatory framework came into being at the start of the year have come mainly from the car industry. They and other alternative lending institutions are having a tough time with the new rules, despite the success of recent deals, writes Tom Brown.

Specialist issuers who have recently brought deals to the market include Lendinvest, Paragon and Shawbrook. 

LendInvest recently issued a marketplace originated mortgage securitization that did not qualify for the STS regime, and said that it is waiting for further clarity around buy-to-let (BTL) assets. This sentiment was ...

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