BoE explores further measures to expand Covid support

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By Tom Brown
19 May 2020

The Bank of England is mulling ways to support businesses left out of Covid-19 support schemes, with a focus on sub-investment grade corporates and encouraging lending into the real economy. A securitization structure is being comtemplated via the setting up of an intermediary bank.

The Sunday Timesreported that the BoE has circulated a memo regarding the scheme, with discussions following on from a Sky News report outlining how the BoE was exploring securitization structures — particularly CLOs — as a mechanism for pooling individual loans affected by the pandemic, ...

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