UK RMBS led European placed securitisation volume in 1Q21, rising to €12.7bn-equivalent from €300m-equivalent in 4Q20, according to AFME data. The non-prime sector, in particular, saw a significant pick-up in activity during the quarter.
The UK RMBS market appears to be diverging across different issuer segments - fintech and new money lenders, private equity players and the large deposit banks.
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