GETTING REAL

摘要

“National service" is how Allen Appen, head of bond financing at Lloyds, describes the bank's UK-focused structured finance business. "This group is all about supporting the real economy." That real economy hadn't seemed too desperate for support from securitisation in previous years. Even once the stigma of sub-prime receded, central bank liquidity schemes were providing many lenders with cheaper funding sources. But Lloyds had faith that the market would be needed again and had been preparing for the end of central bank support.