Structured Finance

Highlights

• 21 Mar 2012
  • Singapore’s proposals positive for covered bonds investors
    The Monetary Authority of Singapore (MAS) has issued a consultation paper on covered bonds issuance by banks incorporated in Singapore. The proposed rules would provide protection to investors in the areas of quality covered assets, as well as through specifying minimum overcollateralization levels and a requirement for ongoing monitoring of risk. However, they do not cover areas such as legal protection of cover pool segregation, and do not provide enough detail on operations and servicing... Press Release l Full Report
• 15 Mar 2012
  • Australian ABS performance stable in Q4 2011 and to remain so in 2012
    The sector’s continuing stable outlook is supported by the accumulation of credit enhancement and the strong credit quality of receivables originated. Accordingly, over the course of 2012, default rates for underlying collateral will remain steady as well as losses for all vintages, underpinned by Australia's robust economic growth...Full Report | Press Release
• 9 Feb 2012
  • Australian RMBS, ABS and CMBS in 2012 will be characterized by stable collateral performance
    Strong macroeconomic conditions will support the stable performance of these three asset classes. For RMBS, housing prices and arrears will stabilize, while credit enhancements in new deals will become less conservative. For ABS, new transactions will remain conservative and performance will stay stable. Collateral will continue to strengthen in CMBS, as new issuance is likely to come from repeat issuers with proven track records... Full Report l Press Release