Lloyds Banking Group’s foray into yen denominated RMBS is a positive step for the market, but it’s also a reminder that the investor base remains highly concentrated.
Another week, another novelty in European securitisation. This time its Lloyds Banking Group offering investors the first yen denominated RMBS from Europe.
Lloydss willingness to test new currencies deserves credit and follows a trend of flexibility in the name of investor accessibility. When Lloyds re-opened the public securitisation