RBS launches first mortgage securitisation since crunch

14 September 2010 0:00 am | Updated: 14 September 2010 8:49 am | By Lee Jones

RBS has launched a £4.7bn residential mortgage-backed security for the first time since the credit crunch began.

According to the Financial Times, the bank is returning to the asset backed security market, which was the epicentre of the financial crash, in an attempt to raise capital as it looks to return to full private ownership.

The FT says the contents of the security will be finanlised in the coming weeks.

This news comes after a recent Treasury green paper which argued that securitisation is crucial in reinvigourating the UK mortgage lending market.

 

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