The Bank of England is asking for comments on proposals to make a greater range of collateral eligible for its discount-window facility as well as plans to increase transparency in asset-backed securities transactions. "AFME supports the principle of improving transparency for asset-backed securities and covered bonds, and we welcome the bank's initiative," said Rick Watson of AFME. "The securitisation market is a direct source of credit for households and corporates and supports the overall UK economy, so moves to make it even more efficient should be welcomed by issuers and investors alike."

Related Summaries