Group calls for more state support in Australia's ABS markets

09/24/2009 | Structured Credit Investor (U.K.)

Australia's asset-backed securities markets have shown tentative signs of recovery, including a recent placement of a residential mortgage-backed securities deal. However, the Australian Securitisation Forum called for an extension of the Australian Office of Financial Management's investment programme, which recently ended. "The two major banks in Australia are now writing 100% of all new mortgages, so we're very concerned that for reasons of financial stability and price competition that the Australian economy will suffer unless the infrastructure of the other players is kept intact," said Alex Sell, chief operating officer of the Australian Securitisation Forum.

View Full Article in:

Structured Credit Investor (U.K.)

Published in Brief: