Confidence rises in GACS scheme renewal and extension to UTPs

Alexander Filon alexfan32@gmail./Oleksandr - stock.adobe.com

The guarantee on securitization of bank non-performing loans (GACS) is likely to be extended, according to market participants speaking at a non-performing loans (NPL) event by the rating agency DBRS. Traders and other sources suggest the government could extend the programme to loans classified as 'unlikely to pay' (UTP).