European commercial property markets are on the cusp of a funding revolution that could make securitisation largely irrelevant, one of Europe’s most experienced real estate finance experts said on Monday.
Neil Lawson-May, co-head of asset manager Palatium Investment Management, said banks were no longer dependent on issuance of commercial mortgage backed securities (CMBS) to replenish capital, [...]

As part of its mission to maintain monetary stability and financial stability, the Bank needs to understand trends and developments in credit conditions. This survey of bank and non-bank lenders is an input to this work. Lenders are asked about the past three months and the coming three months. The survey covers secured and unsecured lending to [...]

Amidst further bad news of bank write-downs and losses, the major Banks are clearly still wary of lending to each other and the 3-month LIBOR rate remains stubbornly high. The Bank of England’s latest Credit Conditions Survey gives little cause for optimism with regard to lending activity for the next few months, although the recently [...]