The expansion of debt capital markets funding by corporates has been on the agenda of both this present and previous governments, as they seek to encourage diversification of funding sources and create investment products for retail and institutional investors. The Murray Report’s recommendation should be welcomed and supported by the industry which has long advocated for some template-style issuance.
Disappointingly, there is no specific recommendation for standardised terms and reduced disclosure requirement for some types of asset-backed issuance, or “simple securitisation”. The resurgence of the RMBS market and greater simplification and consistency of those transactions present an ideal opportunity for the extension of this approach to that type of securitisation. An opportunity missed
To find out more, see our related posts or our comprehensive analysis on our website. And see this post for an introduction to the Final Report.