The UK government has finally woken up to the pain that may be inflicted on the nation's mortgage borrowers as a result of disruption in the structured finance and covered bond markets. In response it has unveiled proposals to attempt to bring stability to the sector. The move is a clear sign that the government is desperate to support the housing market, but can it move quickly enough and will the proposals work?
Just weeks ago, during a House of Commons debate on the nationalisation of Northern
The week on Risk.net, July 7-13, 2018Receive this by email