BoE SLS Repayments Brighten U.K. RMBS Sector

The Bank of England’s Special Liquidity Scheme, which allowed U.K. firms to swap mortgage-backed securities for more tradable assets during the height of the financial crisis, has seen repayments reach £148 billion ($237.2 billion), indicating a major boost for the securitization mart in the U.K., according to industry officials in London.