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 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%