UK government asset purchase facility – good news for corporates and the capital markets?

Kate Alliott, Kevin Ingram and Robert MacVicar, Clifford Chance LLP

The UK government’s additional package of bank stability measures announced on 19 January 2009 included a proposed £50bn fund to purchase private sector assets from banks and financial institutions. Further details of the proposed purchase scheme were published in a Market Notice on 6 February. This briefing highlights some of the key features.