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It is a good job that investors don’t seem to be able to get enough of UK prime RMBS as the pipeline of such paper stood at more than £9 billion ($16.7 billion) towards the end of May. The new RMBS issuers poised to launch into this market (revealed in Euromoney’s April issue) were flexing their muscles mid-month, with Lloyds TSB confirming its RMBS programme and RBS first out of the gate with its £4.7 billion Arran Residential Mortgages Funding. The bank has decided not to set up a master trust but will have securitized £9.2 billion of UK mortgage risk via just two transactions in roughly six months when the deal closes. Arran Residential Mortgages, which accounts for half of the pipeline on its own, should get a rapturous reception, given how buyers responded to Standard Life’s latest Lothian issue, which achieved record tights for the sector with dollar-denominated triple-A paper placed at eight basis points over Libor. Later in the month Granite Mortgages saw triple-B risk sold at an eyewatering 47bp over Libor, which could go a long way to explaining the recent intense issuer interest in this sector.

Otmar Issing has been the most impressive advocate of the ECB. What happens now that the bank has lost its implicit third pillar in monetary policy?

Hedge fund managers need to realize that many investors will be attracted most by track record and big-name managers.

Singapore’s largest bank has led the way in the use of hybrid capital.

Although banks have been leading securitization developments so far in Russia, the monopoly railroad infrastructure provider has come to market with the country’s first transaction backed by lease receivables. Kathryn Wells reports.

The structured bonds business is changing in emerging markets. The rapid development of local capital markets means that the product’s future lies closer to home. Euromoney takes a closer look at some of the developing world’s more innovative securitization markets and deals.

General prosecutor to appeal not guilty verdict against Ulan Sarbanov.

Many large Japanese companies are about to adopt takeover defences that are contrary to the interests of their shareholders. Nicholas Benes uses a hypothetical company, Yamato Aluminium, to illustrate their impact

Reports of the death of analysis have been greatly exaggerated. Time and again, analysts are proving their worth in league tables and through innovation and bespoke research. But ‘me-too’ forecasting is a hard habit to break.

A rival trading platform for smaller stocks in London is giving the LSE a run for its money.

Just three years ago, any small investor wanting to invest in gold had a very hard time of it. Few ordinary people have the facilities to take physical delivery of bullion, even if the asset class is the ultimate low-risk play because of gold’s inherent value.

Anthony DeChellis The head of UBS’s private wealth management team in the US is joining rival Credit Suisse to head its private banking operations for the Americas. Credit Suisse has made clear it intends to focus aggressively on building its wealth management offering in the US.