Following the European Commission, the Bank of England indicates its support for a revival of the securitisation market

Today, hot on the heels of the European Commission’s very positive communication on securitisation, Dame Clara Furse of the Bank of England gave a speech where she stated that the Bank would “assess and, where necessary, act to promote a better functioning securitisation market in the United Kingdom”.  This adds further support for the new consensus which appears to have emerged amongst policy makers across Europe in favour of a strong return of a high quality securitisation market.  The Bank of England link may be found here (with a link to the full speech) and the Reuters coverage here.