The UK taxpayer is now the proud owner of £19.8bn worth of monoline exposure.

And £39.1bn worth of commercial real estate.

RBS’s just-released third-quarter results have a bit more detail on just what is going into the Asset Protection Scheme – the UK government’s plan to insure state-owned banks against credit losses. Here’s the breakdown of the £242bn worth of assets now covered by the Scheme:

And just to put that into context, here’s a little chart we’ve knocked up:

Related links
The new transparent RBS (ahem) – FT Alphaville
Royal Bank hanged, drawn and quartered – FT Alphaville
Snap news extra – Lloyds and RBS announcements – FT Alphaville

This entry was posted by Tracy Alloway on Friday, November 6th, 2009 at 11:10 and is filed under Capital markets. Tagged with aps, asset protection scheme, Commercial real estate, Monolines, rbs. Edit this entry.