Lloyds seeks STS label, Sonia switch for RMBS shelf

Tom Brown

November 07, 2019 03:00 PM

Lloyds — London, United Kingdom. 27th January 2014 -- A Lloyds bank branch in financial district of London. -- Lloyds banking group is facing a compensation bill after thousands of its customers were unable to use their debit cards at ATM cashpoints or make transactions as a result of an IT computer crash on Sunday for between three and four hours. Lloyds Bank Faces Customer Compensation After Computer Crash | Amer Ghazzal / Demotix/Demotix/Press Association Images

Lloyds is seeking consent from the note holders of its Permanent UK RMBS Master Trust to apply the ‘simple, transparent and standardised’ (STS) label to the bonds, as well as switch the reference rate from Libor to Sonia.

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Topics

Lloyds Bank RMBS Securitization UK Europe EMEA

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Tom Brown