Remember the U.K. funding for lending scheme. It's underway and killing the country's...

|By:, SA News Editor

Remember the U.K. funding for lending scheme. It's underway and killing the country's securitization market as banks find it significantly cheaper to borrow from the BOE. Citigroup predicts ABS supply will plunge 55% in 2013. In other words, it doesn't appear a whole lot of new lending is going on - instead just a switch in funding sources.