AMP back in RMBS after mulling regulation

18 May 2011

Australia’s AMP Bank launched a A$500m ($530.1m) residential mortgage-backed securitisation on Tuesday, ending months of speculation about a deal initially scheduled for the end of last year.

The issuer delayed the deal after the Australian Prudential Regulatory Authority (Apra) shifted its position on capital relief — which exempts a bank from holding regulatory capital if it has transferred the risk to third parties — for retained tranches of RMBS late last year.

"AMP needed to get ...

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