Last year, RMBS issuance was at its highest level since the global financial crisis. Non-banks’ issuance was in line with the high levels issued by this sector in the mid-2000s (Graph 7). In 2018, RMBS issuance in aggregate has been lower, but this has been largely been driven by decreased issuance by banks.
Hopefully we enter more normal times with a lowkey role for central banks in economic policy  2  Increased competition and new partnerships  Facebook  Google  Alibaba  Fintechs  Starbucks  Bigtechs  Amazon  Apple  3  Denmark is a digital front-runner  4  The Cyber Threat today  ​Source: Bank of England.