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 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%