RMBS: Rabo, Northern Rock and BP Vicenza line up

After a slow start, the securitisation market is finally starting to show some signs of life. Rabobank, Northern Rock and Banco Popolare Vicenza are currently lining up with prime RMBS deals. In many cases the mooted funding levels they expected to achieve are not too far away from covered bonds and with the generally more transparent RMBS market also exempt from bail ins, the case for a more definitive return of the securitisation is now growing.