U.K. Government Not Sufficiently Focused On RMBS, Report Says

29 Jan 2010

The U.K. government has placed too much emphasis on safeguarding retail deposits and senior unsecured bonds, neglecting the residential mortgage-backed securities market, according to the Council of Mortgage Lenders.

-- Daniel O’Leary

The U.K. government has placed too much emphasis on safeguarding retail deposits and senior unsecured bonds, neglecting the residential mortgage-backed securities market, according to the Council of Mortgage Lenders. In a report released yesterday, the U.K. industry representative said the government’s neglect had distorted the competitive ...

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