The repo effect

The public securitisation market represented just 2.5% of the estimated EUR600 billion in European ABS issuance last year. Instead, almost all activity was focused on deals eligible for repo with the Bank of England and ECB. With banks struggling to access other funding sources, they have channelled their energy into realising value from assets sitting on their loan books.

Inevitably, this activity has changed the shape of deals. "Without the need to market deals - or the requirement to tell the

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: