TFS extension to non-banks simpler than alternatives

By Tom Brown
02 Jun 2020

There were more calls this week for the UK government to support non-bank lenders that are unable to access the Term Funding Scheme, with market participants preferring a simple extension rather than alternative funding options.

“An extension for the TFS, specifically as it relates to pools of mortgages or retained RMBS bonds, would probably be more straightforward because they are already doing it for regulated banks,” said Matthew Jones, head of EMEA structured finance sales at S&P Global Ratings. “The thing that would ...

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