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PBR looks to boost securitisation

The Government is looking at new ways to bolster the securitisation market, yesterday’s pre-Budget report reveals.

The PBR states that a sustainable market for mortgage-backed securities is necessary in order for lenders to have a range of funding options in the future.

It says: “It is important that lenders continue to have access to a diverse range of funding sources, including securitisation markets.

“These markets need, however, to be robust, more liquid and consistent with financial and macroeconomic stability more broadly.”

The PBR goes on to say: “The Government will explore ways of encouraging more sustainable, transparent and standardised UK mortgage-backed securities markets, working with the Bank of England and the FSA through the Council for Financial Stability, and in discussion with issuers and investors, in order to establish a broader investor base and lay the foundations for stronger markets in the future.”

The Government says it will provide an update on its progress at Budget 2010.

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