Lloyds Bank made its first foray into the Australian securitisation market this week, when it acted as joint lead manager, with ANZ and Macquarie, on Bank of Queensland's latest REDS Trust issue.Lloyds is looking for more mandates. Lloyds Banking Group's head of asset-backed solutions, Robert Plehn, has been in Australia over the past few days catching up with his local head of debt capital markets origination, Steven Mixter, and meeting clients.Mixter said: "What we can offer is to take issuers to European markets."It might seem like a bad time for a financial institution in need of funds to be heading in that direction, but Plehn said there were opportunities.Plehn said: "The market in Europe is disrupted but things are happening. At the moment, we are seeing four asset-backed deals currently in the market.""ABS pricing is stable. It tends to widen more slowly than the rest of the market. "European ABS investors have cash and they are looking for investments."Plehn said Australian financial institutions had an inconsistent approach to issuing ABS offshore."If financial institutions want good access to that market they have to be more regular issuers. It might cost them a bit in the short term, but in the long term regular issuers get better pricing."If you want to diversify your investor base and make it deep you have to go offshore and create a liquid product."