UK MBS — gold standard or philosopher’s stone?

March 28, 2008 12:00 am

The UK Treasury has baffled the mortgage industry by floating the idea of creating an official ‘gold standard’ label for high quality mortgage pools, in a bid to restart the RMBS market. Almost immediately, it started to back away from the idea, in favour of a more general consultation. Brendan Daly asks if a gold standard would help the mortgage industry, and what, if any, state action the market wants.

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UK MBS — gold standard or philosopher’s stone?

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