New asset classes emerge in Aussie securitisation market
Suresh Pillai, general manager of finance for issuer Liberty Financial, speaks about the emergence of new asset classes in Australia's securitisation market.
According to SP, 2006 will be the biggest year for all asset classes in Australia's securitisation market. What have been the driving forces behind this performance
I think 2006 has seen a greater diversity in issuance. While prime RMBS transactions still account for the overwhelming majority of activity, this has been a big year for newer asset classes such as non-conforming residential mortgages and auto loans, as well as for more esoteric asset classes. This has been a significant...
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