European ABS pipeline heats up but Brexit window begins to close

European ABS pipeline heats up but Brexit window begins to close

Tom Brown

July 16, 2019 01:00 PM

Brexit_flags_PA_230x150 — Anti-Brexit demonstrators gathered outside the Parliament, waving EU and UK flags, and a placard, London on July 23, 2018. Mrs May said she was working to get a deal that MPs would support when it comes before Parliament - but was also "stepping up" government preparations for no deal being reached. Jeremy Hunt has warned that without a "change in approach from the EU negotiators", there is now a "very real risk of a Brexit no deal by accident". (Photo by Alberto Pezzali/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Sterling securitization supply issue is predicted to continue up until late August at least, spurred on by the Brexit deadline of October 31. According to a syndicate banker, there are relatively few continental European investors still willing to invest in sterling deals, with the exception of selected French investment firms.

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Topics

Morgan Stanley Lloyds Bank BNP Paribas RMBS Securitization ABS UK Europe Crédit Agricole EMEA NatWest Markets

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Tom Brown