Securitisation boosted by return of prodigal sons
European securitisation’s long rehabilitation process is about to enter a new phase.
Royal Bank of Scotlands return to securitisation after a three year absence attracted the worlds attention last week with its eye-watering £4.7bn size, but possibly the most important feature of Arran Mortgage Funding Series 2010-1 was less widely noticed. In addition to selling £4bn equivalent of triple-A paper,
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