UK RMBS has been the biggest asset class in the resurgent European ABS market, with a handful of originators placing multi-billion deals, and a steady stream of debuts from smaller names. But the largest deals still lean heavily on the bid from US investors, and spreads have stayed stubbornly high – keeping banks like Barclays away from the RMBS market, and keeping mezzanine notes on bank balance sheets. Owen Sanderson reports.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.