First Taiwanese securitization moves closer

Industrial Bank of Taiwan and SG sign agreement on proposed collateralized loan obligation.

While the final touches are still being put to the regulatory framework for asset backed securitization ABS in Taiwan, the two banks at the forefront of efforts to promote the ABS market are moving ahead with what will probably be the first deal to be done in the country.

The Industrial Bank of Taiwan IBT and SG last September signed a cooperation agreement to jointly develop the securitization market in Taiwan. At the time the agreement was announced, an IBT...

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