Why investors need to have a rethink on RMBS
Time for a rethink on RMBS?
In the course of numerous discussions I have had with investors and bankers in the past year, a recurring topic has been whether the European residential mortgage-backed securities market will ever return to prominence.
Leaving aside the forced disappearance after the financial crisis of structured investment vehicles, one of the main reasons RMBS (and other securitised products) remains in the doldrums is because many of its key traditional buyers are reluctant to return to the market.
While
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