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RBS launches first mortgage securitisation since crunch

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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FT story

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The Ministry of Justice and Social Finance has launched the world’s first social impact bond for investment in improved social incomes. The first bond pilot has been officially launched today and will fund social organisations working to reduce re-offending rates of short sentence male prisoners leaving Peterborough Prison. The Ministry of Justice has agreed to […]

End of age 75 rule could boost scheme pensions

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Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]

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