RMBS newcomer Charter Court launches bank

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By Tom Porter
27 Jan 2015

Charter Court Financial Services limited, which priced the third securitization under its Precise Mortgage Funding programme in November, has gained approval from the UK regulator to set up a retail savings bank, a move which the firm described as “only positive” for its RMBS programme.

Charter Court priced its debut Precise UK RMBS in November 2013 and followed it up with two more deals in June and November last year, with the three trades totalling over £600m.

The firm said on Tuesday it had gained approval from the Prudential Regulation Authority to launch ...

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