Prospects for Philippines ABS market looking brighter

The Philippines will develop an ABS market says Senen Matoto, the official charged with drafting a securitization bill.
Talk about the development of an asset backed securitization ABS market developing in the Philippines is nothing new. It happened frequently during the Estrada administration, as the government looked at the possibility of securitizing assets such as natural gas and gambling revenues.

All that talk came to nothing, but new President Gloria Arroyo put ABS straight back on the agenda in her State of the Nation address on July 23, as her government sought to give fresh impetus to the country's economy.

Senen Matoto, vice president and liaison director for the securitization and capital markets committee with the Financial Executives Institute of the Philippines Finex - in addition to his role as...

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