New liquidity rules facilitate Ulster mortgage pool deal |
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An example of the responsiveness of the capital markets to the credit crisis was the use of new liquidity rules introduced by the Financial Regulator permitting residential mortgages to be treated as liquid assets if they are pledged under the Central Bank and Financial Services Authority of Ireland (CBFSAI) Mortgages Backed Promissory Note Scheme. This deal was quite urgent, the Regulator was responsive and the parties to the deal got the job done on time. |
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