Making Hay While the Sun Shines

As the sub-prime mess continues to unwind, at worst, it means fewer mortgage-backed securities traders to support as the market dries up.

However, the game will change come the implementation of the Markets in Financial Instruments Direct (Mifid) in November.

The threat won't come from fine-imposing national regulators, but from a well-informed consumer.

Imagine if the sub-prime mess happened under Mifid, and banks had to explain to their investors that the AAA-rated mortgages they purchased were

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Register for free

Access two articles, our IMD and Waters Wraps, plus a member newsletter. Find out more.

All fields are mandatory unless otherwise highlighted.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here