United Kingdom: Securitization & Structured Finance

Tokenisation, stablecoins and institutional decentralised finance are transitioning from niche concepts to central elements of financial market infrastructure discussions. As institutions examine blockchain-based systems for funds, treasury operations, and collateral management, the critical question shifts from theoretical utility to practical implementation—whether new digital infrastructure can deliver the legal certainty, governance standards, and operational resilience that institutional markets

Amid the macro-economic turbulence and geopolitical shifts that have so far characterised the 2020s, exit routes for funds have become constricted: traditional IPO exits have narrowed...

As investment across the mining, energy and infrastructure sectors in the Democratic Republic of Congo (DRC) continues togrow, the core question for sponsors, lenders and development finance institutions has evolved.

The decision considers who has legal standing to enforce a debt where the lender retains legal title but has assigned the beneficial interest...

On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose.

Cadwalader partners Bronwen Jones, Douglas Murning, George Pelling and Matt Worth recently authored the chapter, "The Fund Finance Market in 2024 and 2025: A European Perspective".

The UK's Prudential Regulation Authority proposes changes to the securitisation standardised approach (SEC-SA), allowing firms to elect a formulaic p-factor option for capital calculations. This new SEC-SA option offers flexibility within set p-factor floors and caps. Responses are due by 15 January 2025.

The UK's new regulatory framework for securitisations, effective November 1, 2024, replaces the EU's Securitisation Regulation and includes updated regulations from the FCA and PRA.

The Maples Group offers extensive expertise in the UK RMBS and securitisation markets, supporting clients with issuance platforms, regulatory adaptations, and innovative structures. Their fiduciary services include providing experienced UK resident directors for structured finance vehicles, backed by a global network and a strong track record of managing complex transactions and regulatory demands.