Funding for Lending extension stokes fears of longer RMBS slump

Changes made on Wednesday to the UK Funding for Lending Scheme to boost small-to-medium enterprise lending should not shrink the already low-level of UK SME ABS issuance, but London-based bankers remain angered by the squeeze the FLS has had on UK residential mortgage securitisation, and fear a protracted RMBS issuance slump into 2014.

  • 26 Apr 2013

The Bank of England and HM Treasury have extended the UK’s FLS until January 2015, and have broadened the programme to boost bank lending to small-to-medium size enterprises.

Under Wednesday’s tweaks, every £1 of lending to SMEs by banks for the rest of 2013 will allow banks to increase ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%