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CRA’s are unregulated yet on the strength of their credit ratings many banks got involved in CLOs.
The amount of money generated handed one UK bank a golden opportunity. The Northern Rock, NR. The NR was not like other banks, this former building society was heavily reliant on risky short term loans to provide funds for their own long term mortgages...
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CRA’s are unregulated yet on the strength of their credit ratings many banks got involved in CLOs.
The amount of money generated handed one UK bank a golden opportunity. The Northern Rock, NR. The NR was not like other banks, this former building society was heavily reliant on risky short term loans to provide funds for their own long term mortgages...
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