The Bank of England (BoE) released its quarterly bulletin and said that primary sterling RMBS markets remain effectively closed, at least for publicly issued securities. In general, the bank said that it did not expect a sustained improvement in market conditions during 2009.

The bulletin made mention of the Asset Purchase Facility and the government guarantee scheme but again there was very little new context and in relation to securitization and it restated that they will accept a limited range of ABS in viable structures.

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